Samhi hotel acquistion of pune hotel

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SAMHI HOTEL ACQUISTION OF PUNE HOTEL VERITAS LEGAL ACTS FOR ASCENT HOTELS

Transcript of Samhi hotel acquistion of pune hotel

Page 1: Samhi hotel acquistion of pune hotel

SAMHI HOTEL ACQUISTION OF PUNE HOTELVERITAS LEGAL ACTS FOR ASCENT HOTELS

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SAMHI Hotels has acquired acquired Hyatt Regency in Pune from RK Jatia Group-owned Ascent Hotels for an estimated 350 crore.

Economic Laws Practice acted for SAMHI Hotels with a team led by Partners Sujjain Talwar and Darshan Upadhyay along with Associate Partner Aakanksha Joshi, Associate Managers Amruta Kelkar and Kanisha Vora and Associates Tarini Menezes, Siddharth Walawalkar, Amoolya Narayanan and Raghav Vashist.

ELP Partner Babu Sivaprakasam along with Associate Partner Deep Roy, Associate Manager Okram Singha and Associates Megha Agarwal and Sharmila Ratnam advised on the financing aspect.

Acquisition

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Veritas Legal along with Advocate Shyamalene Siqueira represented Ascent Hotels. The Veritas team comprised of Partner Abhijit Joshi and Senior Associate Tushar Raut

Hariani & Co acted for minority shareholder Vascon Engineers with a team led by Abhijeet Sonawane and Bhanudey Kanwar

Juris Corp’s Partner Veena Sivaramakrishnan advised DBS Bank on the financing

Acquisition

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Veritas Legal

Veritas Legal has been founded by Abhijit Joshi, a professional with 22 years of experience in the Indian legal industry and a winner of many national and international accolades.

Previously, he was a senior partner and chief executive officer of AZB & Partners.

His key practice areas included mergers and acquisitions, general corporate and commercial law and private client law.

Abhijit has been practicing law since 1993. He started his career with Amarchand & Mangaldas & Suresh A. Shroff & Co. and then went on to practice with Dua Associates in Mumbai, before joining AZB & Partners, as one of their first partners, in 2001.

Mr. Joshi has featured in International Who’s Who Legal as ‘Leading Lawyer for Mergers & Acquisitions 2013’ and ‘Prominent Lawyer in the Franchise Sector’.

He has also been listed by IFLR1000 as ‘Leading Lawyer for Mergers & Acquisitions Leading and Private Equity 2012 & 2013’.

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Veritas Legal

Abhijit is associated with Entrepreneurs Organization, Young Presidents’ organisation and is a member of Legal Practice Division of International Bar Association.

A member of the Law Firm Management Committee of the International Bar Association, Abhijit is also associated with Law Society of England and Wales.

He holds a Bachelor of Law degree from Bombay University.

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