New Delhi, November 10, 2020: The Cyril Amarchand Mangaldas and the J Sagar Associates has act on US private equity major Blackstone Group and realty developer Prestige Group have finalized the terms of a $1.5 billion (Rs 11,000 crore) transaction in one of the largest real estate portfolio deals in India.

Accordingly, Prestige has signed the term sheet with Blackstone to sell five office parks, nine shopping malls, two hotels and four under-construction office complexes totalling 21 million sq ft.

According to reports,Cyril Amarchand Mangaldas acted for Blackstone and the team was led by Banaglore Partner Reeba Chacko. J. Sagar Associates advised Prestige Group and the team was led by Partners KZ Kuriyan and Pallavi Puri.

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Cyril Amarchand Mangaldas is a reputable, skilled and professionally managed full-service law firm in India. It offers end-to-end services in the fields of corporate law and intellectual property and has been consistently recognised as one of India's leading law firms.

News Courtesy:PIB | Hindu| DC | LE | LI | LO | IE | LL | PTI |ht | ET | UNI | DNA | FP | Jurist |IndToday|

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