PE firm
A number of NRI investors have filed a case in the Mauritius Supreme Court against the ICICI Venture Funds Management Company by accusing the PE firm for misleading them while raising the real estate fund that went to under perform when they had been promised by the fund management company of a certain return. ICICI [...] Continue Reading »
Looks like Chennai-based developer Casa Grande is set to receive as much as Rs 100 crore worth of investment from Mumbai-based private equity firm Avenue Venture Real Estate Fund. The latter has proposed to invest this money into Casa Grande’s equity at project level ventures. In a press statement, Casa Grande stated that Avenue Venture [...] Continue Reading »
The Avenue Venture Real Estate Fund is a private equity firm based in the city of Mumbai. It has recently decided to spend a sum of Rupees 100 crore in Casa Grande which is a Chennai based real estate enterprise. According to the gathered statement, a considerable amount of money has already been used for [...] Continue Reading »
Ex World Bank’s President James Wolfensohn’s private investment fund has sold 5.57% of Chennai oriented home financing company Repco Home Finance for about Rs 112.59 crore in an open market deal. A Wolfensohn Capital Partners fund sold 34, 64,000 equity shares for Rs 325 per share. AS per the shareholding pattern available on the stock [...] Continue Reading »
The real estate private equity arm of Piramal Enterprises, Indiareit Fund Advisors has recently made two investment in realty projects in Mumbai, Pune and Bangalore. The total amount of investment made is around Rs 200 crore. The first investment made is worth Rs 100 crore in a project by Omkar Realtors & Developers. This a residential [...] Continue Reading »
The real estate private equity arm of Piramal Enterprises, Indiareit Fund Advisors is to invest about Rs 250 crore in two projects in Mumbai and Pune in next one month. One of the projects is a slum project in Mumbai and the other one is a residential project in Pune. The Piramal group is currently [...] Continue Reading »
Bangalore- Vijay Mallya’s investment holding company UB Holdings has got a jumbo offer by Private equity giant Blackstone, revealed sources. The PE firm has offered around Rs 560 crore to the company to buy out the prime office and retail real estate blocks in UB City, the biggest commercial property project in Bangalore. As an [...] Continue Reading »
DLF, the country’s largest developer, is all set to sell its 17.5-acre land in Mumbai’s Lower Parel to Lodha Group and a private equity (PE) player for about Rs 2,800 crore. The company is in the process of selling several non-core assets including land parcels, SEZs and some office buildings, to reduce its debt. DLF [...] Continue Reading »
When the private equity (PE) investors are not getting attracted by the Indian real estate, Walton Street Capital is planning other way. The us based PE firm planned to invest at least Rs 100 crore in a Supertech project at Noida. Walton will get a 20 per cent stake in the residential towers of Supertech’s [...] Continue Reading »
The private equity wing of the investment firm Xander Inc has invested $40 million in a pre-leased IT Park on Chennai. The project will be constructed by the Appaswamy Real Estates Ltd (AREL), a Chennai based developer. The PE firm will hold 100 percent equity stake of the project. The project will be developed in [...] Continue Reading »
