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SAM, JSA act on $124m Blackstone buy in Indiabulls

“Indiabulls Real Estate (IBREL) on Friday announced sale of its office project in Chennai to global investor Blackstone for Rs 850 crore as part of its strategy to monetise commercial asset,” reported Mint.

Shardul Amarchand Mangaldas partner Mithun V Thanks, principal associate Anjali Menon, senior associates Neety Thakkar and Gaurav Dugar and associates Akansha Singh and Rurvi Shrimankar acted on the main transaction, partners Ashoo Gupta and Aarthi Lakshminarayanan, senior associate Mansi Samdani and associates Pallavi Kishore, Bhavya Rangarajan and Akhila J acted on real estate aspects, partner Veena Sivaramakrishnan and senior associate Utkarsh Bandhu acted on banking and finance issues and partner Shweta Shroff Chopra and senior associate Supritha Prodaturi acted on competition law issues in addition to managing partner Akshay Chudasama’s strategic inputs for Blackstone.

Simpson Thacher & Bartlett, and Kirkland & Ellis also acted for Blackstone.

J Sagar Associates (JSA) partner Lalit Kumar acted for Indiabulls.

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