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MNK structures Rs 300 crore Peninsula township investment via debenture with SB

MNK Law Offices partners Nivedita Tiwari and Srinivas Kilambi with associates Abhilash Pillai and Aashish Vats acted for Peninsula Brookfield Investment Managers on its investment in Ansal Hi-Tech Townships through Rs 300 crore ($50m) of non-convertible debentures.

SB Partners, led by partners Samir Bedi and Ashwin Mathews, acted for Ansal.

Kilambi had joined MNK after leaving KSB Partners, a firm he co-founded, which then became SB Partners.

The investment in Ansal by the joint venture between Peninsula Land and Brookfield Asset Management will be used towards a 2,500 acre Noida-based development that will complete in five to six years, reported Mint.

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