IndiaReit equity fund exits Samira Habitats
No Comments Sub Category:Realty News,Uncategorized Posted On: Dec 21, 2011
Samira Habitats, a real estate developer based in Alibaug have to let go of an equity fund called IndiaReit owned by Ajay Piramal.
The main reason for this exit is that the investment tenure of IndiaReit is over and has to be renewed again.
The equity fund based company can only make an exit if it receives revenue through sales or by buying back the shares of the fund by Samira Habitats.
The Alibaug based developers have future plans of buying back the shares in the fund for Rs 100 crore. Around four projects have to let go of the fund by March 2012.
Source: Hindustan Times
Tags:
Alibaug, Alibaug based developers, Equity fund, Fund, IndiaReit, IndiaReit equity fund, Investment tenure, Mumbai, Revenue, Sales, Samira Habitats, Shares
