06 Oct 2026
Trilegal advised the Canadian Pension Plan Investment Board on its proposed direct investment of INR 30 billion (c. C$441 million) in Prestige Hospitality Ventures, the hospitality arm of the Prestige Group. Subject to receipt of regulatory approvals and upon consummation of the investment, CPPIB will acquire a stake of ~27% and the investment marks CPPIB’s first direct investment in India’s hospitality sector.
Trilegal advised CPPIB on the transaction and on corporate, operational and real estate due diligence, CCI filing, and drafting and negotiation of the transaction documents. The closing of the transaction is subject to completion of CPs, including receipt of regulatory approvals.
Prestige Hospitality Ventures owns luxury and premium hotels in key gateway cities across India, with a development pipeline spanning Bengaluru, Chennai, Delhi, Goa, Hyderabad and Mumbai.
The Trilegal Transaction Team advising on the matter was led by Partner: Sai Krishna Bharathan; and comprised Senior Associate: Raina Mitra; Associates: Archi Jain and Annika Bohra.
Diligence Teams:
The Trilegal Real Estate Team advising on the matter was led by Partners: Monika Bhonsale, Mridul Kumbalath, Sadaf Shaikh, and Arnav Nagalia; and comprised Counsels: Dilnaz Bapasola, Sohni Kherada and Mohammed Sayed; Senior Consultant: Yunus Nawab; Consultant: Ganesh Memane; Senior Associates: Mythri Jonnala and Roshini Bansal; Associates: Siddhartha Fondekar, Shashank D Bharadwaj, Rajat Deepak Kalal, Suhaschandra BS, Aakanksha Dalal, Akanksha Shah, and Parth.
The Trilegal Corporate Team advising on the matter was led by Partner: Apeksha Mattoo; and comprised Counsel: Namesha Singh; Senior Associates: Maitreya Sharma, Raina Mitra; Associates: Vrinda Bhola, Vaishnavi Bansal, Sanchit Thapliyal, Rohan Singhal, Rehaan Engineer, Harsh Bhatti, Anjali AR, Arshan Kazi, Archi Jain and Annika Bohra.
The Trilegal Operational Team advising on the matter was led by Partners: Apeksha Mattoo, Kunal Gupta, Thomas J. Vallianeth; and supported by Counsel: Shrishma Dandekar; Senior Consultant: Chandan Dhand; Consultants: Shashwat Shrivastava, Vaishnavi, Pranvi Manglick; Senior Associates: Anshul Sharma, Sidharth Ray, Maitreya Sharma, Raina Mitra; Associates: Akshobhya Nitin Pol, Anjali AR, Annika Bohra, Archi Jain.
The Trilegal Competition Team advising on the matter was led by Partner: Gauri Chhabra; and supported by Senior Associate: Eesha Sheth; Associate: Shobhit Shukla.
The Trilegal SEBI Regulatory Team advising on the matter was led by Partner: Pranav Atit; and supported by Senior Associate: Janeesha Singh; Associates: Tanvi Godiwala and Ashlesha Pandey
About Trilegal
Trilegal is a leading full-service law firm in India with over 25 years of experience, trusted for its in-depth expertise and client-centric approach. The firm advises a diverse set of clients, including Fortune 500 companies, global investment funds, major Indian conglomerates, domestic and international banks, technology and media giants, family offices, and high-net-worth individuals. Operating under a distinctive lockstep model, Trilegal is the largest equity partnership in the country, with offices across Mumbai, Delhi, Gurugram, Bengaluru, Chennai, Pune, and GIFT City.
Trilegal has consistently been recognised among India’s top-tier firms in leading legal directories such as Chambers & Partners (Asia Pacific and Global), Legal 500 Asia Pacific, and Benchmark Litigation. It has also earned several prestigious accolades, including being named Law Firm of the Year at the ET Global Legal Awards 2026, Best Overall Law Firm by India Business Law Journal (IBLJ) 2025, Innovative Lawyers in Disputes & Crisis Management by the Financial Times (FT) Innovative Lawyers Asia-Pacific Awards in 2025, and M&A Firm of the Year by IFLR Asia-Pacific in 2024.
For more information, please get in touch with Prakruti Jani | Mob: +91-9867868976 | BD@trilegal.com
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