Ashdan Properties Acquires Indo Global Soft IT Park Under Insolvency Process

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AuthorAarav Shah|Published at:
Ashdan Properties Acquires Indo Global Soft IT Park Under Insolvency Process
Overview

Ashdan Properties Private Limited has acquired Indo Global Soft Solutions and Technologies Private Limited, the owner of Pune's 'Radius Tech Park,' under the Corporate Insolvency Resolution Process (CIRP). Rajani Associates provided legal advisory for the transaction, which encompasses a fully constructed IT park with approximately 3.39 lakh sq. ft. of leasable area.

Ashdan Properties Private Limited has successfully concluded the acquisition of Indo Global Soft Solutions and Technologies Private Limited. This significant transaction took place under the Corporate Insolvency Resolution Process (CIRP) initiated for Indo Global Soft Solutions.

Asset Overview

The core asset involved in this deal is the fully constructed Information Technology Park known as "Radius Tech Park." Located in the Hinjewadi area of Pune, the park offers a substantial leasable area of approximately 3.39 lakh square feet, positioning it as a key commercial real estate holding.

Legal Counsel

Rajani Associates served as the dedicated legal advisor to Ashdan Properties throughout this acquisition process. The firm's transaction team included Senior Partner Ashish Parwani, Associate Partner Dikshat Mehra, Senior Associate Gitika Makhija, and Associate Honey Chandnani. Their expertise was crucial in navigating the complexities of the CIRP framework and ensuring a smooth completion of the deal.

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