Blackstone’s Joint Venture With Greenbase


Khaitan & Co advised The Blackstone Group on the deal.

Blackstone Group Inc has formed a joint venture with Greenbase, a Hiranandani group firm, to develop warehousing and logistics parks across the country.

The equal joint venture plans to invest INR 2500 crore to develop around 12 million sqft of industrial and warehousing assets across the country in three to four years, said Niranjan Hiranandani, founder and managing director, Hiranandani Group.

The Khaitan & Co team was composed by partners Haigreve Khaitan (Picture), Aakash Choubey, Deepak Jodhani and Harsh Parikh, principal associates Pavi Jain and Abhiraj Gandhi, senior associates Abir Sarkar, Sneha Oak Joshi and associate Rhea Jha. Due Diligence: Partner Gaurav Dasgupta, principal associate Subhro Chatterjee and associates Harshit Anand and Srishti Mukherjee. Intellectual Property aspects: Partner Shailendra Bhandare and senior associate Sourav Dan. Employment Law aspects: Senior associate Abhimanyu Pal. Securities and Exchange Control Regulatory aspects: Partner Vivek Mimani.

Involved fees earner: Harshit Anand – Khaitan & Co.; Shailendra Bhandare – Khaitan & Co.; Subhro Chatterjee – Khaitan & Co.; Aakash Choubey – Khaitan & Co.; Sourav Dan – Khaitan & Co.; Gaurav Dasgupta – Khaitan & Co.; Abhiraj Gandhi – Khaitan & Co.; Pavi Jain – Khaitan & Co.; Rhea Jha – Khaitan & Co.; Deepak Jodhani – Khaitan & Co.; Haigreve Khaitan – Khaitan & Co.; Vivek Mimani – Khaitan & Co.; Srishti Mukherjee – Khaitan & Co.; Abhimanyu Pal – Khaitan & Co.; Harsh Parikh – Khaitan & Co.; Abir Sarkar – Khaitan & Co.; Sneha Oak Joshi – Khaitan & Co.;

Law Firms: Khaitan & Co.;

Clients: Blackstone Group L.P.;

Author: Michael Patrini