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Khaitan and Co Acts In Minority Stake Acquisition Of Chowringhee Residency

The core team consisted of Padam Kumar Khaitan (Partner), Gaurav Dasgupta (Partner), Shourya Sengupta (Partner), Sruti Baid (Senior Associate), Shreetama Chakraborty (Associate)

Khaitan and Co Advised: (i) Mani Square Limited, (ii) Sattva Developers Pvt. Ltd. and (iii) SNK Businesses Private Limited on acquisition of a minority stake in Chowringhee Residency Private Limited

The details of the deal are as follows:

Sector: Real Estate

28-Sep-2022 Completion Date

Name of Client: Mani Square Limited, Sattva Developers Pvt. Ltd. and SNK Businesses Private Limited

Buyer Details: I. Mani Square Limited

II.Sattva Developers Pvt. Ltd. and 

III.SNK Businesses Private Limited | India 

Deal Description:Advised Mani Square Limited, Sattva Developers Pvt. Ltd. and SNK Businesses Private Limited on acquisition of the 75% stake in Chowringhee Residency Private Limited by way of a secondary purchase from: (i) Amar Nath Shroff, (ii) Ajay Kumar Shroff, and (iii) Archana Shroff.

The core team consisted of Padam Kumar Khaitan (Partner), Gaurav Dasgupta (Partner), Shourya Sengupta (Partner), Sruti Baid (Senior Associate), Shreetama Chakraborty (Associate)




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