Japanese conglomerate Marubeni Corporation has agreed to invest in a residential project of Mumbai-based developer Wadhwa Group, marking its maiden deal in India’s real estate sector. Tokkyo-based Marubeni said in a statement it is investing in the Atmosphere housing project via non-convertible debentures. It didn’t disclose the amount.

— VCCircle

Shardul Amarchand Mangaldas advised Marubeni led by a team of partner Roopal Kulsrestha and including associate Meghna Nachappa, associate Anamika Ray, associate Bhagyashree Madhekar, associate Parvathy Anil, Akshra, associate Pandey and associate Teeshta Bissa. The banking and finance team was led by partner Veena Sivaramakrishnan and included senior associate Dhananjai Charan and associate Yash Kahandole. The real estate team was led by partner Ashoo Gupta and included associate Mansi Samdani and associate Shourya Dasgupta.

Wadia Ghandy advised Atmosphere Realty and its promoters.

2020-04-01

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