Cyril Amarchand Mangaldas (CAM) advised Bharti group entities (collectively referred to as “Sellers”) in relation to proposed sale of 50% stake in Rostrum Realty Private Limited (“Rostrum”) to Brookfield India Real Estate Trust (“Brookfield REIT”), in exchange of preferential issuance of units of Brookfield REIT to the Sellers. Rostrum’s portfolio includes Worldmark assets at Aerocity New Delhi, Airtel Center in North Gurugram, and Worldmark Gurugram.
The transaction team was led by Akila Agrawal, Partner & Head – Mergers and Acquisitions, Mukul Sharma, Partner; with support from Neham Tayal, Principal Associate; Rudraksh Durrani, Principal Associate; Shreya Teewari, Senior Associate; Aparajita Marwah, Associate;and Devarshi Mohan, Associate.
The transaction team received guidance and strategic inputs from L. Viswanathan, Partner & Chair – Finance, Projects & Insolvency.
Kranti Mohan, Partner & Head – REITs and InvITs; and Janhavi Manohar, Partner; assisted on REIT related advisory.
SR Patnaik, Partner; with support from Thangadurai V.P, Principal Associate; assisted with taxation related aspects.
Vijay Chauhan, Partner; with support from Ananya Mahant, Associate;advised on competition law related aspects of the transaction.
Ashish Jain, Partner; with support from Mayur Nene, Senior Associate; advised on real estate related aspects of the transaction.
The transaction was signed on 15th May 2024.
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About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. The Firm is one of the largest full-service law firm in India and offices in key business centers at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City, Singapore and Abu Dhabi.
The Firm received “National Law Firm of the Year: India” at the IFLR Asia-Pacific Awards for the second consecutive years in 2023 and 2022 and “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2022.
