Pre-IPO Investment of INR 126 Crore by 360 ONE Strengthens Brigade Hotel Ventures’ Capital Base for Upcoming IPO
JSA has acted as legal advisor to 360 ONE Alternates Asset Management on its pre-IPO investment of INR 126 crore in Brigade Hotel Ventures Ltd., a subsidiary of Bengaluru-based Brigade Enterprises Ltd. This strategic investment marks a key milestone as Brigade Hotel Ventures prepares for its maiden public offering, reinforcing its financial position in the thriving hospitality sector.
Deal Significance:
The transaction underscores growing investor confidence in Brigade’s hospitality arm, which benefits from its parent company’s strong real estate and commercial development expertise. The infusion of capital will enhance Brigade Hotel Ventures’ expansion plans and operational readiness ahead of its IPO, positioning it for long-term growth in India’s dynamic hospitality market.
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JSA’s Role:
Team advising 360 ONE was led by Siddharth Mody (Partner), with support from the M&A team including Rohan Kumar (Partner) and Niharika Rao (Senior Associate), JSA provided end-to-end legal counsel. The firm’s Capital Markets team, featuring Arka Mookerjee (Partner) and Pracheta Bhattacharya (Partner), also played a pivotal role in structuring the transaction.
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Disclaimer
This article is for informational purposes only and does not constitute legal or financial advice. Readers should consult professionals before making decisions.
