Shardul Amarchand Mangaldas & Co. successfully represented Bain Capital Credit (BCC) in securing an unconditional approval from the Competition Commission of India in relation to its exercise of the collective right to nominate a director on the board of directors of Embassy Office Parks Management Services Private Limited (Target), the manager of Embassy Office Parks REIT (Embassy REIT).
The transaction was in relation to BCC and Kotak Performing RE Credit Strategy Fund I collectively exercising their statutory right (to nominate a director) granted by Securities Exchange Board of India (SEBI) pursuant to the recent amendments to the SEBI (Real Estate Investment Trusts) Regulations, 2014, as amended.
BCC is a global credit specialist, and it invests, through its family of funds, across the credit spectrum in credit-related strategies, including leveraged loans, high-yield bonds, direct lending, bespoke capital solutions, structured equity, hard assets, and distressed securities. The Target acts as the investment manager of Embassy REIT and manages the day-to-day operations of the real estate assets and other investments held by Embassy REIT.
Our Competition Law Team comprised of Partner Aparna Mehra, Senior Associate Kshitij Sharma, and Associates Ashlesha Singhal and Sai Divkanwar Singh.
Our Transaction Team comprised of Partners Gunjan Shah, Nikhil Naredi, Sangamitra Sankaraiah, and Priya Awasthi, Senior Associate Amrusha Monga, and Associate Shruthi Hariharan.