Mindspace Business Parks REIT’s Initial Public Offering

Khaitan & Co and Sidley Austin LLP advised the Book Running Lead Managers on the deal.

K Raheja Corp Investment Managers LLP (Investment Manager of Mindspace Business Parks REIT) issued the size of INR 45,000 million, comprising of a fresh issue of units of the Mindspace Business Parks REIT aggregating up to INR 10,000 million and an offer for sale of the units by certain selling unitholders (such selling unitholders included Blackstone).

The Book Running Lead Managers consorcium included Morgan Stanley India Company Private Limited, Axis Capital Limited, DSP Merrill Lynch Limited, Citigroup Global Markets India Private Limited, JM Financial Limited, Kotak Mahindra Capital Company Limited, CLSA India Private Limited, Nomura Financial Advisory and Securities (India) Private Limited, UBS Securities India Private Limited, Ambit Capital Private Limited, HDFC Bank Limited, IDFC Securities Limited and ICICI Securities Limited.

The Khaitan & Co team consisted of Partner Sudhir Bassi (Picture), Subhayu Sen (Partner), Aayush Mohata (Principal Associate), Aparna Bagree (Senior Associate), Raghav Bhatia (Associate) and Tishita Mukherjee (Associate).

The multi-office Sidley team was led by partners Manoj Bhargava (Singapore) and Ankit Kashyap (Singapore), with support from partners Nicholas R. Brown (New York), Jason A. Friedhoff (New York), and Leonard Ng (London); counsel Carla G. Teodoro (New York); associates Rémi D. Gagnon (New York) and Qalid Mohamed (London); staff attorney Ravina Mahajan (Singapore); and trainee solicitors Zahira Butt (London) and Noel Li (London).
Involved fees earner: Aparna Bagree – Khaitan & Co.; Sudhir Bassi – Khaitan & Co.; Raghav Bhatia – Khaitan & Co.; Aayush Mohata – Khaitan & Co.; Tishita Mukherjee – Khaitan & Co.; Subhayu Sen – Khaitan & Co.; Manoj Bhargava – Sidley Austin LLP; Nicholas Brown – Sidley Austin LLP; Jason Friedhoff – Sidley Austin LLP; Rémi Gagnon – Sidley Austin LLP; Ankit Kashyap – Sidley Austin LLP; Qalid Mohamed – Sidley Austin LLP; Leonard Ng – Sidley Austin LLP; Carla Teodoro – Sidley Austin LLP;

Law Firms: Khaitan & Co.; Sidley Austin LLP;

Clients: Ambit Capital Private Limited; Axis Capital Holdings Ltd.; Citigroup Global Markets India Private Limited; CLSA India Private Limited; DSP Merrill Lynch Limited; HDFC Bank Ltd; ICICI Securities Ltd.; IDFC Securities; JM Financial; Kotak Mahindra Capital Co. Ltd.; Morgan Stanley India Company Private Limited; Nomura Financial Advisory and Securities (India) Private Limited; UBS Securities LLC;

Author: Michael Patrini