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Khaitan & Co and Shardul Amarchand Mangaldas lead Chalet Hotels’ INR 1000 crore Qualified Institutions Placement (QIP)

Khaitan & Co and Shardul Amarchand Mangaldas are involved in Chalet Hotels’ Qualified Institutions Placement (QIP), which amounts to ₹1,000 crore

Shardul Amarchand Mangaldas & Co provided legal counsel to Chalet Hotels for this QIP. The transaction was overseen by a team including Nikhil Naredi (Partner), Chinmay Sethia (Senior Associate), Harsh Loonker (Senior Associate), Rakshita Poddar (Associate), Shruthi Hariharan (Associate), Rishika Sharma (Associate), and Manish Soni (Associate).

Khaitan & Co served as legal counsel on Indian law matters to JM Financial Limited and Kotak Mahindra Capital Company Limited (Book Running Lead Managers) for the qualified Institutions Placement.

The transaction team comprised Subhayu Sen (Partner), Aayush Mohata (Partner), Ritika Khare (Senior Associate), Ira Pandya (Associate), Bhavna Sancheti (Associate), Aayush Virani (Associate), and Arjun Kapur (Associate).

Chalet Hotels is a prominent player in the hospitality industry, serving as the owner, developer, asset manager, and operator of upscale hotels and mixed-use assets situated in prime metro cities and leisure destinations across India. These locations span key areas like the Mumbai Metropolitan Region, Hyderabad, Bengaluru, the National Capital Region, Pune, and Lonavala.

The company’s portfolio features hotels affiliated with renowned global brands such as Marriott, Westin, Sheraton, Novotel, Taj, and Hyatt, ensuring exceptional quality and service standards across its properties.

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