Mumbai, Maharashtra, New Delhi, Delhi, India: Cyril Amarchand Mangaldas advised and assisted Max Estates Limited (Max Estates) on its 100% acquisition of Accord Hotels and Resorts Private Limited (Accord Hotels) which owns the land admeasuring 10 acres (approximately 40468.36 sq. meters) situated at Sector 128, Noida (Land) by way of share purchase. Max Estates is the real estate development arm of the Max Group and Accord Hotels holds title to the prominently located land and this transaction marks the entry of Max Estates in the residential sector.
The General Corporate Practice of Cyril Amarchand Mangaldas advised on the due diligence on Accord Hotels, and structuring, review, finalization, and negotiation of the transaction documents (share purchase agreement and disclosure letter). The transaction team and corporate due diligence team was led by Mukul Sharma, Partner, with support from Gurkaran Arora, Senior Associate, Ashlesha Mittal, Associate and Abhishek Ganguly, Associate.
The Real Estate advisory and due diligence was led by Ashish Jain, Partner, with support from Siddharth Iyer, Associate and Shivam Tiwari, Associate.
The Transaction was signed on 04th June, 2022; and closed on 17th June, 2022.
About Cyril Amarchand Mangaldas
Cyril Amarchand Mangaldas (cam) is India’s leading law firm with a global reputation of being trusted advisers to its clients. The Firm advises a large and diverse set of clients, including domestic and foreign commercial enterprises, financial institutions, private equity and venture capital funds, start-ups, government and regulatory bodies. The Firm generalists, specialists and senior ex-regulators expertly guide clients across a spectrum of transactions, sectors and regulations. With 1000 lawyers and 160 Partners, the Firm is the largest full-service law firm in India and offices in key business centres at Mumbai, Delhi-NCR, Bengaluru, Ahmedabad, Hyderabad, Chennai, GIFT City and also in Singapore.
The Firm recently received “Innovation in Advancing Markets” award at the FT Innovative Lawyers Asia Pacific 2022 Awards and the “National Law Firm of the Year: India” award at the IFLR Asia Pacific 2022 awards ceremony. The Firm had won “India Deal Firm of the Year” at the ALB India Awards and “Firm of the Year” at the IFLR1000 India Awards in 2021.