KEPPEL Corp’s wholly-owned subsidiary Lipalton has completed its investment into Kapstone Constructions, and now holds 49 per cent of the latter’s total voting rights. Kapstone is Lipalton’s joint venture (JV) with Indian developer Rustomjee Group, to develop the 51.4 hectare Urbania integrated township in the Thane district of Mumbai.

— Businesstimes Singapore

AZB & Partners advised Lipalton Pte Ltd (the joint venture partner, which is a company within the group Keppel Land Limited) led by a team of partners Sai Krishna Bharathan, Shivani Kabra, Monika Bhonsale, and counsels Alpesh Parekh and Vinay Butani.

2020-10-21

Deal value: approx. INR 4 Billion / approx. USD 54 Million

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