Cyril Amarchand Mangaldas (“CAM”) advised Logicap and Ecobox, backed by Rava Partners and Alta Capital, on structuring of a composite transaction for acquiring 4 logistics built and fully leased assets in Ranjanagaon, Pune and Sri City, Chennai, spreading across 3.6 million sq. ft., from Indospace.
The transaction team was led by Siddharth Hariani, Partner; Trayosha Darapuneni, Partner; with support from Vaishnavi Eshwar, Senior Associate; Piyush Langade, Associate and Yash Chadha, Associate.
Pranav Sharma, Partner; and Lakshmi Prakash, Partner; with support from Prafful N, Consultant and Krithika Srinivasan, Senior Associate advised on banking, corporate & structured finance related aspects of the transaction.
The deal team was further supported by (A) Siddharth Hariani, Partner; Saurav Samaddar, Partner; with support from Vaishnavi Eshwar, Senior Associate; Piyush Langade, Associate; Shubham Shanu, Associate; Satvik Khatri, Associate; Ohmkar Vishal, Associate; Nimrah Rasheed, Associate and Sheetal Kumar, Associate; in conducting corporate legal due diligence; and (B) Siddharth Hariani, Partner; Abhilash Pillai, Partner; and Emil Joseph, Partner; with support from Jaideep Kodali, Principal Associate; Neha Shah, Senior Associate Designate; Bhargavi Akanksha, Consultant; Anjali Kadam, Consultant; Manisha K R, Associate; Kalyan Chakravarthy, Associate; and Alampu Kowkrady, Associate; in conducting real estate due diligence of the property situated in Andhra Pradesh and Maharashtra.
Other parties to the transaction included: ILP II Ventures I Pte. Ltd. (Counterparty – Sellers); and Bobby Parikh (Acted as tax advisors to the acquirers).
The transaction documents were signed on 25th September, 2024 and 16th January, 2025 and the transaction was closed on 6th November, 2024 and 7th March 2025.
