11.08.2015 - Temasek Holdings subsidiary subscribes to shares of Oberoi Realty Limited
Aranda Investments (Mauritius) Pte. Ltd is an indirect wholly-owned subsidiary of Temasek Holdings Pte. Ltd. Oeroi Realty Limited, India (ORL) is a real estate development company, which primarily operates in Mumbai, with a focus on premium developments. It has a diversified portfolio of projects in mixed-use or single-segment developments, which cover the main segments of the real estate market, namely residential, office space, retail, hospitality and social infrastructure. In a deal that was completed on 17th July 2015, Khaitan & Co. advised Aranda Investments (Mauritius) Pte. Ltd on all legal aspects of the transaction involving the subscription of the shares of ORL. This deal was valued at approximately USD 51 million (INR 3245 million). The firm provided advice to Aranda Investments (Mauritius) Pte. Ltd on its subscription to 3.34% of the post issue paid-up share capital of ORL...............................................Full Article: Source
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