Realty deal called off
No Comments Sub Category:Mumbai,Realty News Posted On: Nov 07, 2012
Sources say that a multi-crore deal between private equity firm IL&FS Investment Managers and real estate developer Logix Group has been called off.
The proposed deal was estimated to be about Rs 600 crore. As per the deal, the Logix Group would have sold four office buildings in Noida to IL&FS Investment and the listed private equity firm was to acquire the complete stake in the Logix Group project.
However, talks seemed to have collapsed when IL&FS urged the promoter to hold back 20% stake.
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IL&FS Investment Managers, Indian real estate sector, Logix Group, Noida real estate, Real estate deals, Real estate in India, Real Estate India, Real Estate Sector, realty deal, Realty News
