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JSA & soon-ex-Wadia Ghandy Bangalore act on Rs 65 crore Piramal property project

J Sagar Associates (JSA) acted for Piramal Enterprises which invested Rs 65 crores in the development of a residential-cum-commercial project of around 630,000 square feet on Bangalore’s Sarjapur Road, Bangalore by Krishna E Campus, which was advised by Wadia Ghandy.

JSA Bangalore partners Vivek Chandy, Raj Ramachandran and Malini Raju, with senior associate Asok Chacko Thomas and associate Lalu John Philip assisted Piramal.

Krishna E Campus, which is an affiliate of KMB Estates, was advised by Wadia Ghandy Bangalore partner Ankit Majmudar, who is due to join Platinum Partners early next year.

The deal involved advice on title, investment and due diligence. Chandy commented: “The transaction was quite interesting as the same involved corporate restructuring of KECPL and exit of one of the promoters at the same time as the investment was being made.”

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