{"id":369524,"date":"2025-12-11T11:00:08","date_gmt":"2025-12-11T05:30:08","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=369524"},"modified":"2025-12-11T10:55:43","modified_gmt":"2025-12-11T05:25:43","slug":"cam-advises-larsen-and-toubro-real-estate-scheme-arrangement","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2025\/12\/11\/cam-advises-larsen-and-toubro-real-estate-scheme-arrangement\/","title":{"rendered":"Cyril Amarchand Mangaldas advises Larsen &#038; Toubro Limited"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<p style=\"margin-bottom: 3%;\">Cyril Amarchand Mangaldas (&#8220;<span style=\"font-weight: bold;\">CAM<\/span>&#8221;) advised Larsen &amp; Toubro Limited (&#8220;<span style=\"font-weight: bold;\">L&amp;T<\/span>&#8221;) on the proposed scheme of arrangement amongst L&amp;T and L&amp;T Realty Properties Limited (&#8220;<span style=\"font-weight: bold;\">LTRPL<\/span>&#8221;) and their respective shareholders under Sections <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0001537448\" target=\"_blank\">230<\/a> to <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0001537450\" target=\"_blank\">232<\/a> of the <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002766251\" target=\"_blank\">Companies Act, 2013<\/a> approved by the boards of L&amp;T  and LTRPL on December 8, 2025. The Scheme provides for, inter alia (a) the transfer of realty undertaking of L&amp;T to LTRPL as a going concern, on slump sale basis and in consideration, inter alia, the issuance of equity shares of LTRPL to L&amp;T; and (b) reorganisation of the  share capital of LTRPL (&#8220;<span style=\"font-weight: bold;\">Scheme<\/span>&#8221;). This transaction marks the beginning of a phased consolidation of all real estate assets and undertakings of L&amp;T and vest them in LTRPL, creating a unified, future-ready entity capable of capitalising on India&#8217;s real estate growth.<\/p>\n<p style=\"margin-bottom: 3%;\">The transaction team advising L&amp;T was led by <span style=\"font-weight: bold;\">L. Viswanathan<\/span>, Senior Partner,  <span style=\"font-weight: bold;\">Sudhir Kapadia<\/span>, Senior Advisor; <span style=\"font-weight: bold;\">Bhargav Joshi<\/span>, Partner, with assistance from <span style=\"font-weight: bold;\">Saumya Sharma<\/span>, Associate; <span style=\"font-weight: bold;\">Ayushi Agarwal<\/span>, Associate; and <span style=\"font-weight: bold;\">Arushi Kankariya<\/span>, Associate.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Indranil Deshmukh<\/span>, Partner (Head &#8211; Disputes);  with assistance from <span style=\"font-weight: bold;\">Tapan Deshpande<\/span>, Director &#8211; Corporate Litigation; and <span style=\"font-weight: bold;\">Aekaanth Nair<\/span>, Senior Associate;  advised on disputes aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Ashish Jain<\/span>, Partner; <span style=\"font-weight: bold;\"> Edward James<\/span>, Partner; <span style=\"font-weight: bold;\"> Rishiraj Bhatt<\/span>, Partner;  <span style=\"font-weight: bold;\">Abhilash Pillai<\/span>, Partner; <span style=\"font-weight: bold;\">Siddharth Singh<\/span>, Partner; with assistance from <span style=\"font-weight: bold;\">Kripa Sankari<\/span>, Principal Associate; <span style=\"font-weight: bold;\">Shorya Choudhary<\/span>, Principal Associate; <span style=\"font-weight: bold;\">Siddharth Iyer<\/span>, Principal Associate; <span style=\"font-weight: bold;\">Pavithra Rao<\/span>, Senior Associate; <span style=\"font-weight: bold;\">Nikita D&#8217;silva<\/span>, Consultant; <span style=\"font-weight: bold;\">Kinnari Jain<\/span>, SA &#8212; Designate; <span style=\"font-weight: bold;\">Vedantha Sai<\/span>, Senior Associate; <span style=\"font-weight: bold;\">Mansi Sethiya<\/span>, Associate; <span style=\"font-weight: bold;\">Januja Gathraj<\/span>, Associate;  <span style=\"font-weight: bold;\">Utkarsh Tyagi<\/span>, Associate; <span style=\"font-weight: bold;\">Shruthi P<\/span>, Associate;  and <span style=\"font-weight: bold;\">Vaishnavi Joshi<\/span>, Associate;  advised on real estate aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Ankita Ray<\/span>, Partner;  with assistance from <span style=\"font-weight: bold;\">Faiza Khan<\/span>, Principal Associate; and <span style=\"font-weight: bold;\">Mayank Jain<\/span>, Associate; advised on employment aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Kaustav Kundu<\/span>, Partner;  with assistance from <span style=\"font-weight: bold;\">Rajat Sharma<\/span>, Senior Associate; and <span style=\"font-weight: bold;\">Vrinda Gundam<\/span>, Associate; advised on competition law aspects of the transaction.<\/p>\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Devaki Mankad<\/span>, Partner (Regional Co-Head &#8211; Capital Markets &#8211; West); <span style=\"font-weight: bold;\"> Manan Lahoty<\/span>, Partner &#8211; (Head &#8211; Capital Markets);  with assistance from <span style=\"font-weight: bold;\">Hitesh Nagpal<\/span>, Associate; advised on capital markets aspects of the transaction.<\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p style=\"font-style: italic;\">The transaction marks the first phase of consolidating L&amp;T&#8217;s real estate assets into a unified entity positioned for India&#8217;s growing property market.<\/p>\n","protected":false},"author":67011,"featured_media":369530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[45282,2],"tags":[68835,31714,56190,30960,94667,94663,94664,94662,94668,94666,94665],"class_list":["post-369524","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-law-firms-news","category-news","tag-cam","tag-companies-act-2013","tag-corporate-restructuring","tag-cyril-amarchand-mangaldas","tag-l-t","tag-lt-real-estate-restructuring","tag-lt-realty-transfer","tag-larsen-toubro-scheme-of-arrangement","tag-larsen-and-tourbo","tag-real-estate-consolidation","tag-slump-sale-transaction"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Cyril Amarchand Mangaldas advised Larsen &amp; 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Amarchand Mangaldas acted as the legal counsel for Vivriti Group in relation to its internal restructuring","author":"Editor","date":"March 26, 2026","format":false,"excerpt":"The transaction involved demerger and amalgamation of NBFC and asset management businesses, alongside regulatory, ESOP, and competition law advisory.","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"CAM Advises Vivriti Group Restructuring","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/03\/CAM-Advises-Vivriti-Group-Restructuring.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/03\/CAM-Advises-Vivriti-Group-Restructuring.webp?resize=350%2C200&ssl=1 1x, 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of 50% stake in Rostrum Realty Private Limited (\u201cRostrum\u201d) to Brookfield India Real Estate Trust (\u201cBrookfield REIT\u201d), in exchange of preferential issuance of units of Brookfield REIT to the Sellers. 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it is a matter on which we do not express any opinion, and it is left open in an appropriate\u2026","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"L&T sole promoter under RERA","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/LT-sole-promoter-under-RERA.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/LT-sole-promoter-under-RERA.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/LT-sole-promoter-under-RERA.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/08\/LT-sole-promoter-under-RERA.webp?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":372673,"url":"https:\/\/www.scconline.com\/blog\/post\/2026\/01\/14\/cyril-amarchand-mangaldas-advises-apg-lemon-tree-fleur-hotels-transaction\/","url_meta":{"origin":369524,"position":5},"title":"Cyril Amarchand Mangaldas acted as legal counsel to APG Strategic Real Estate Pool N.V.","author":"Editor","date":"January 14, 2026","format":false,"excerpt":"Cyril Amarchand Mangaldas acted as legal counsel to APG Strategic Real Estate Pool N.V. in connection with the proposed acquisition of its 41.09% equity stake in Fleur Hotels Limited by a Warburg Pincus affiliate, pursuant to Lemon Tree Hotels\u2019 demerger and listing of Fleur under a scheme of arrangement.","rel":"","context":"In &quot;Law Firms News&quot;","block_context":{"text":"Law Firms News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/law-firms-news\/"},"img":{"alt_text":"CAM Advises APG","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/CAM-Advises-APG.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/CAM-Advises-APG.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/CAM-Advises-APG.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2026\/01\/CAM-Advises-APG.webp?resize=700%2C400&ssl=1 2x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/369524","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/67011"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=369524"}],"version-history":[{"count":2,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/369524\/revisions"}],"predecessor-version":[{"id":369526,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/369524\/revisions\/369526"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/369530"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=369524"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=369524"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=369524"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}