Deal Brief: IL&FS Trust Company Limited, IIRF India Realty X Limited and Moltana Holdings Limited, (collectively, "Investors"), have entered into an agreement whereby the Investors have agreed to invest up to INR 1650 million in Orbit Highcity Private Limited, a wholly owned subsidiary company of Orbit Corporation Limited, Mumbai (“Orbit”). The said investment would be used to develop integrated township project (“Transaction”). Orbit is a listed company primarily involved in the development of real estate projects in the Mumbai Metropolitan Region.
Our
Role:
We, at
Nishith Desai Associates,
acted as legal counsel to Orbit for this
Transaction. |
||||||||
|
||||||||
|
Disclaimer: We expressly clarify that this communication is not a solicitation or an invitation of any sort whatsoever from Nishith Desai Associates or any of its members to create an attorney-client relationship. This communication is not intended to be a source of advertising and the recipient should always seek the advice of competent counsel licensed to practice in the recipient's country/state. This is not a Spam mail. You have received this mail because you have either requested for it or someone must have suggested your name. Since India has no anti-spamming law, we refer to the US directive, which states that a mail cannot be considered Spam if it contains the sender's contact information, which this mail does. In case this mail doesn't concern you, please unsubscribe from mailing list. |
||||||||
