Mumbai | April 9th, 2026: Shardul Amarchand Mangaldas & Co. (SAM) acted as legal counsel to Super Diamond Enterprises and its partners on the proposed sale of 100% shareholding of the entity owning Diamond Plaza Mall in Kolkata to Nexusmalls Whitefield Private Limited, an SPV of Nexus Select Trust.
The transaction, valued at approximately INR 347.5 crore (USD ~37.4 million), involved the divestment of a marquee retail asset in West Bengal and was executed following a multi-step restructuring along with resolution of several nuanced issues connected with the asset.
The SAM transaction team was led by Manan Mehta, Partner; Dipayan Bhattacherjee, Partner; and Rajat Sinha, Associate.
The Real Estate team was led by Bhoumik Vaidya, Partner, along with Anushka Merchant, Senior Associate, and Tasneem Zaveri, Senior Associate.