DSK Legal was counsel to Essar Group in its ₹24 billion (US$351 million) sale of Equinox Business Park to Brookfield Asset Management. A team from Shardul Amarchand Mangaldas & Co (SAM) advised Brookfield.
The sale, which closed on 24 April, was described as “among the largest transactions in India’s commercial real estate sector” by Anshuman Ruia, director of Essar Global. It was part of Essar’s efforts to reduce debt by monetizing non-core assets. The proceeds were used to repay lenders, both at an entity and group level.
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