Firm Matters
Khaitan & Co Advised IIFL Capital Services Ltd, Axis Capital Ltd, JM Financial Institutional Securities Ltd, Kotak Securities Ltd, 360 ONE Capital Market Pvt Ltd, 360 ONE Distribution Services Ltd, SBICAP Securities Ltd and Sunidhi Securities and Finance Ltd ("Brokers") in relation to the sale, through the stock exchange mechanism, of 1.11 billion units (representing 25.03%) of Knowledge Realty Trust by BREP Asia SG L&T Holding (NQ) Pte. Ltd., BREP Asia SG DRPL Holding (NQ) Pte. Ltd., BREP Asia II Indian Holding Co IV (NQ) Pte. Ltd. and BREP Asia II Indian Holding Co VII (NQ) Pte. Ltd., each being a sponsor group member of the Trust, for an aggregate consideration of approximately INR 11,988 crores.
The transaction constituted the largest Offer for Sale (OFS) through the stock exchange mechanism undertaken by a Real Estate Investment Trust (REIT) in India.
The OFS was undertaken, inter alia, to facilitate compliance with the minimum public unitholding requirements applicable to the Trust.
Deal Team
The core team consisted of Madhur Kohli (Partner) and Aayush Mohata (Partner).
