Cyril Amarchand Mangaldas (CAM) advised Bharti group entities (collectively referred to as “Sellers”) in relation to proposed sale of 50 per cent 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.
