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Amarchand Mangaldas advises DLF on sale of its subsidiary for 430 Crores

Amarchand Mangaldas advises DLF on sale of its subsidiary for 430 Crores

Amarchand & Mangaldas & Suresh A. Shroff& Co. advised DLF Home Developers Private Limited on sale of its subsidiary Haamid Real Estates Private Limited, which holds approximately 27 acres of licensed land in Sector 70- A, Gurgaon, to develop a group housing colony. Mrinal Kumar, Partner, led the transaction along with Senior Associate Avnish Sharma and advised the client regarding the structure of the transaction and various regulatory issues; drafting, negotiating and finalizing the relevant transaction documents. The deal was valued at approximately Rs. 430 crores.

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