IFLR1000

Ascendas India Trust Rs10 billion acquisition of BlueRidge 3

8/7/2019
Asset acquisition
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Re 10 billion

$ 145.499 million

Announced

8/7/2019

Overview:

  • Property trust Ascendas India Trust has announced the acquisition of IT/ITES special economic zone BlueRidge 3 from Nalanda Shelter and Brickmix Developers for approximately Rs10 billion.
  • This acquisition will increase Ascendas India Trust’s committed portfolio size by 7% to approximately 22 million square feet.

Shah Shameer Ahmed - Researcher

Jurisdiction:

India

Deal type:

Asset acquisition

Practice area:

M&A

Industry sector:

Technology and telecommunications

Firm:
JSA

Party: Ascendas India Trust (Acquirer)

Lawyer: Raj Ramachandran

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