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CAM, AZB on Nitesh Estates $34m sale of Koregaon mall to Abbey Realtors

Nitesh Estates, “through its wholly owned subsidiary Nitesh Indiranagar Retail Private Limited has signed Share Purchase Agreements with Abbey’s Realtors LLP a nominee of Ela Realty Private Limited, Group Entity - ABIL Group and sold its 100 percent holdings in step down Tier- II Subsidiary - Koregaon Park High Street Properties Private Limited,” according to moneycontrol. Koregaon Park High Street Properties was formerly known as Nitesh Pune Mall Private Limited.

Cyril Amarchand Mangaldas advised Nitesh Indiranagar Retail Private Limited and Nitesh Estates Limited led by a team of head of corporate and partner Reeba Chacko, partner G Nagavalli, and principal associate S Harish, principal associate Nanditha Balaram.

AZB & Partners advised Goldman Sachs Investments Holdings (Asia) Limited led by a team of partners Anand Shah, Hufriz Wadia, Anoj Menon, Suharsh Sinha, and associates Moitreyee Banerjee, Oendri Neogi, Prithvi Bhaskar.

2019-02-21

Deal value: Total deal size - USD 34 million approximately

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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