S&R Associates is representing Indiabulls Real Estate Limited (to be renamed Equinox India Developments Limited), a listed company, in its INR 39.10 billion preferential allotment of equity shares and convertible warrants to investors; acquisitions of real estate projects in Mumbai, Bengaluru and Chennai for aggregate consideration of INR 18.53 billion; and debt funding of INR 6.45 billion. The transaction is subject to customary conditions, including shareholder approval.
The S&R team is led by partner Pratichi Mishra, and includes associates Samyak Jain, Oshika Nayak, Durga Prasad Mohapatra and Advaita Kapoor.
For reference, please see the press release below in relation to the transaction:
https://nsearchives.nseindia.com/corporate/IBREALEST_05042024215009_IBREL_Press_Release_05042024.pdf