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KNM acts on $19m Pune Kumar Builders Township project sale

LSO Subco No. 4 Company and LREF Subco No. 4 (the investors), have sold their shareholding in Kumar Builders Township Ventures Private Limited, which is engaged in the business of development of a special economic zone on land of 27 acres situated at Hinjewadi, Pune. The investors had invested in the SPV in 2008. Pursuant to agreement among the parties, the investors’ entire shareholding in the SPV has been sold to another Indian company.

KNM & Partners advised LSO Subco No. 4 Company and LREF Subco No. 4, Mauritius led by a team of senior partners Mukesh Kumar and Mukesh Singhal; partner Rajesh Tayal.

This deal has not been reported by any mainstream media outlets at the time of going to press and is based on the information supplied in a law firm's press release.


Deal value: US$ 19 Million

This deal report is based on a firm's press release and may be only partially complete. Some firms or names of advisers may be therefore be missing.

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