Shapoorji arm may acquire Adani’s BKC project

Shapoorji arm may acquire Adani’s BKC project

Shapoorji Pallonji Group‘s investment arm Shapoorji Pallonji Investment Advisors is planning to acquire a commercial project Inspire BKC in Bandra-Kurla Complex (BKC) from Adani Realty, according to reports.

Report says that the company has already completed the due diligence process

The deal is expected to be done soon, says report.

Shapoorji Pallonji Investment Advisors Private Limited is a 100% subsidiary of Shapoorji Pallonji And Company Private Limited (SPCPL). SPCPL was established in 1865 as a contracting business in the name of Littlewood Pallonji & Co. Over the past 152 years SPCPL has grown substantially, both organically and through acquisitions, to become one of India’s most prominent and trusted business conglomerates.

SPCPL set up its Investment Advisory business as a synergistic expansion to its existing real estate development and contracting businesses and to leverage its established brand name and expertise in the Indian market providing it with the ability to establish a unique fully integrated real estate development and investment advisory platform in India.

Adani Realty Ltd is developing over 69 million sq. ft. of residential, commercial and social club projects across Ahmedabad, Mumbai, Gurgaon, Kochi & Mundra.