India:
Motilal Oswal Invests Into Rajesh Lifespaces' Powai Project
26 March 2015
Nishith Desai Associates
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Deal Brief
Rajesh Estates and Nirman Private Limited, a group company of
Rajesh Lifespaces, one of Mumbai's leading real estate
developers, has raised INR 1.13 billion from Motilal Oswal Real
Estate (MORE), the real estate arm of Motilal
Oswal Private Equity, by issuing listed non-convertible debentures.
The proceeds would be used for the completion of the project named
Raj Grandeur at Powai, Mumbai.
MORE manages two real estate funds, namely India Realty
Excellence Fund and India Realty Excellence Fund II.
OUR ROLE
We, at
Nishith Desai Associates, acted as legal and tax counsel to
MORE on this transaction.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
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