Kotak Realty Fund exits investment in Lalith Gangadhar
Kotak Realty Fund is withdrawing its investment from Lalith Gangadhar Constructions Private Ltd. According to sources, Kotak is selling its 49 per cent stake for Rs. 53 Cr to the promoters.
Promoted by Girish Puravankara, Lalith Gangadhar Constructions is engaged in real estate development, real estate marketing, facility management and project management activities.
Kotak has already exited from Sobha Developers, Mayfair Housing, Phoenix Mills and NDR Warehosuing Pvt Ltd. earlier.
The fund recently announced its investment of R120Cr for 20 per cent stake in Parsvnath Developers’ SPV, which will develop a township project in Gurgoan.
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Girish Puravankara, Gurgoan, Kotak Realty Fund, Lalith Gangadhar Constructions Private Limited, Mayfair Housing, NDR Warehosuing Pvt Ltd, Phoenix Mills, Real estate development, Real estate in India, Real Estate India, real estate marketing, Realty News, Sobha Developers
[...] Kotak Realty Fund exits investment in Lalith Gangadhar [...]
[...] Kotak Realty Fund exits investment in Lalith Gangadhar [...]