JSA has advised 360 ONE on its pre-initial public offering (IPO) investment in Brigade Hotel Ventures Ltd. The company has successfully raised INR 126 crore from 360 ONE Alternates Asset Management ahead of its maiden public issue.
Brigade Hotel Ventures Ltd., a subsidiary of the Bengaluru-based real estate conglomerate Brigade Enterprises Ltd., is a key player in the hospitality sector, leveraging the group’s strong presence in the real estate and commercial development space. The pre-IPO investment marks a significant milestone for Brigade Hotel Ventures as it strengthens its capital base in preparation for its forthcoming public listing.
The transaction was led by Siddharth Mody, Partner, with support from the firm’s Mergers & Acquisitions team comprising Rohan Kumar (Partner) and Niharika Rao (Senior Associate).
The firm’s Capital Markets team also advised on the transaction, including Arka Mookerjee (Partner) and Pracheta Bhattacharya (Partner).
Commenting on the deal, the JSA team emphasized its commitment to providing strategic legal counsel on high-value transactions that enable clients to achieve their business objectives in dynamic market environments.
Arka’s practice area involves equity capital markets issuances which covers a wide range of products, such as Initial Public Offerings, Rights Issues, Qualified Institutions Placements, Initial Public Offering of Infrastructure Trusts and foreign currency convertible bonds.