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Khaitan & Co advised Mac Charles and its promoters in relation to on-market sale of 73 per cent stake to Embassy Property Developments for $96m, which has resulted in a tender offer to the company’s shareholders.
Mac Charles is involved in the operation and management of Le Meridian Hotel, Bengaluru, as well as other businesses in the hospitality sector across India.
Ganesh Prasad (partner), Sharad Moudgal (partner), Mukund Thirumalai Srikanth (senior associate) and H Muralikrishnan (associate) represented the client on the transaction.
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