October 5, 2023
Shardul Amarchand Mangaldas advised CapitaLand India Trust (CapitaLand) in the acquisition of 100% shareholding of Ascendas IT Park (Pune) Private Limited (AITPPP), a joint venture of Ascendas India Development VII and Maharashtra Industrial Development Corporation. The deal was valued at approximately USD 16,22,11,140.
This strategic acquisition culminates in CapitaLand acquiring the entire leasehold rights of a parcel of land admeasuring approximately 25 acres along with ownership rights over the structures/ buildings standing thereon, at Hinjewadi, Pune.
The transaction team was led by Bhoumick Vaidya, Partner; Vidhi Maniar Sanghavi, Senior Associate; and Sona Phogaat, Associate.
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