AZB, SAM bag record $347m Piramal-Lodha debt finance deal

Friday, 2 September 2016 By Legally India Finance

Piramal Fund Management Pvt. Ltd will invest Rs 2,320 crore in Lodha Developers Pvt. Ltd’s signature World Towers project in central Mumbai, in what is probably the single largest debt financing deal in Indian real estate. A part of this money will be used to repay debt and the remaining will be used to complete construction of the project.

reported Mint.

Shardul Amarchand Mangaldas acted for Piramal, with Mumbai partners Sapan Gupta and Radhika Pereira advising.

AZB & Partners acted for the Lodhas, led by partner Sai Krishna Bharathan and associates Sugandha Asthana and Nitin Gupta.

Shardul Amarchand MangaldasAZB & Partners

Comments

Darren Sammy 2 Sept 2016, 12:49
+0 -0
SAM rocks...
Khaike pan 2 Sept 2016, 12:51
+2 -1
Wasnt K C O advising Piramal until now?
Bike 2 Sept 2016, 15:19
+5 -0
What happened to CAM? Piramal was one of cam's client
Comment 2 Sept 2016, 17:27
+5 -4
Ashwath happened to CAM
ABA 3 Sept 2016, 04:30
+9 -3
Even if Ashwath happened to CAM, Piramal should then be represented by AZB, it was instead Lodha Group which was represented by AZB. Therefore, for every deal shift, Ashwath is not the reason. He is not big than the institution. Like was said, Sachin is not big than the game of cricket itself.
S.R. Tendulkar 9 Sept 2016, 12:30
+0 -0
Sachin IS bigger than cricket.
BS 8 Sept 2016, 09:46
+0 -0
why wasn't the PA's name who actually did the deal get published. [...]
Real estate Baba 10 Sept 2016, 09:14
+0 -0
I think KNM has Piramal in Delhi NCR. Please correct if am wrong.....
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