Indiareit Sells Kurla Property For Rs 450Cr - Indiareit Fund Advisors, a real estate venture capital fund backed by 3i Group Plc, has exited from its investment in a commercial project in Kurla, Mumbai, being developed by Neptune Realtors. The Piramal-owned PE firm is exiting with returns of Rs 450 crore on an investment of Rs 145 crore made in 2006. Both Neptune and Indiareit Fund held 50% stake each in the land being developed. (Economic Times)
Blackstone-backed Allcargo Eyes Domestic Buys - Allcargo Global Logistics Ltd., an Indian freight forwarder backed by Blackstone Group LP, will buy a container clearance facility seeking to benefit from rising overseas trade in AsiaDiscover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
