In a significant move within the infrastructure sector, AdaniConneX, a strategic partnership between Adani Enterprises Limited and EdgeConneX, has successfully acquired Madhuvanti Build Estate Limited. The transaction, valued at ₹765.25 crore, involves the complete acquisition of Madhuvanti Build Estate, a company primarily engaged in infrastructure operations.
Khaitan & Co, a prominent law firm, played a pivotal advisory role for AdaniConneX during this acquisition. The firm was responsible for conducting an exhaustive due diligence process and crafting the share purchase agreement that facilitated the acquisition of the entire shareholding of Madhuvanti Build Estate.
The legal team from Khaitan & Co was led by Partner Ashraya Rao, with Principal Associate Unnita Bhattacharya, Senior Associate Alankrita Singh, and Associate Palak Sheth providing crucial support. Additionally, Partner Devendra Deshmukh, Principal Associate Rahul Sunil Agarwal, and Associate Sanket Wakshe contributed their expertise on real estate matters to ensure the successful completion of the transaction.
Madhuvanti Build Estate is noted for its substantial landholdings and has secured the necessary licenses to embark on its infrastructure ventures. These strategic assets and regulatory approvals position AdaniConneX favorably as it gears up to expand its infrastructure operations.
This acquisition allows AdaniConneX to leverage Madhuvanti Build Estate’s established infrastructure capabilities, thus enhancing its market presence and operational efficiency.
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