Legacy Law Offices LLP has advised Xtranet Technologies Ltd. on its proposed initial public offering, with the company filing its Draft Red Herring Prospectus (DRHP) on the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE) Mainboard for a fully book-built issue of ₹190 crore.
The transaction team was led by Associate Partner Pradyun Chakravarty, supported by Nandish Munjal (Senior Associate), Naman Anand (Associate), and Sayed Anas (Associate).
Founded in 2002 and headquartered in Bhopal, Madhya Pradesh, Xtranet Technologies is an integrated information technology solutions provider. The company offers end-to-end services across enterprise applications, digital services, managed services, proprietary platforms, and strategic technology partnerships. It caters to government agencies, public sector undertakings, and private enterprises across industries including telecom, banking and financial services, manufacturing, healthcare, and utilities.
SAMHI Hotels Limited has signed an agreement, through its wholly owned subsidiary, SAMHI Skyline Private Limited, with INGKA Centres India Private Limited for leasing an upscale ~162-room hotel within Ingka Centres’ upcoming ~2.5 million sq. ft. mixed-use development in Noida, Gautam Buddha Nagar, Uttar Pradesh.
Antares Legal advised SAMHI Hotels on this transaction.
The transaction team consisted of Siddharth Bhavnani (Partner), Surbhi Kothiala (Partner) and Divyanshu Bansal (Associate).
The project is envisioned as a marquee development, and the collaboration brings together SAMHI’s operating platform and Ingka Centres’ global development expertise, aligning with SAMHI’s strategy of partnering with institutional players. Located within a mixed-use ecosystem, the hotel is expected to benefit from strong captive demand and high visibility.