Media & Events
Shardul Amarchand Mangaldas advises Platinumcorp Constructions LLP on acquisition and strategic restructuring of Royal Netra Constructions Private Limited
September 1, 2023
Shardul Amarchand Mangaldas advised on the deal involving the acquisition of complete control and total ownership of Royal Netra Constructions Private Limited.
The deal majorly involved the acquisition of Royal Netra Constructions Private Limited by Man Infraconstruction Limited (“MICL”); Platinumcorp Constructions LLP, and Eversmile Construction Company Private Limited (“ECPL”) resulting in MICL, Platinumcorp Constructions LLP and ECPL acquiring rights over a prime land parcel located in Goregaon to develop a real estate project having a potential to generate a revenue of 4,000 crores.
The transaction also encompassed the formalization of acquirers inter se arrangements and project debt restructuring.
The transaction team was led by Bhoumick Vaidya, Partner; Vidhi Maniar Sanghavi, Senior Associate; and Asmita Hegde, Associate.
