Tag Archives: Crore

IRB Infrastructure Developers Takes Road Building

July 28, 2008 – 7:55 am

Driving on the country’s first expressway connecting Mumbai with Pune is always a pleasure, so much so that people have started shuttling between the two cities daily. All this courtesy the swanky road’s meticulous upkeep by a company that was once a family-owned business doing road-building works for local bodies.
At the helm of it all [...]

By Rajani | Posted in Property News | Also tagged , , , , , , , , , , , , , , , , , , | Comments (0)

JP Morgan Chase Buys 33% In Alok Infra’s SPV

July 23, 2008 – 7:10 am

Global financial giant JP Morgan Chase is investing Rs 130 crore for 33% stake in an SPV of realty firm Alok Infrastructure, a wholly-owned subsidiary of Mumbai-based textile maker and retailer Alok Industries, according to banking sources.
Alok Infrastructure’s SPV, which is receiving the JP Morgan funding, will develop a realty project at a prime location [...]

By Rajani | Posted in Property News | Also tagged , , , , , , , , , , , , , , , | Comments (1)

German Bank Invests Rs 607 Crore In Trikona Projects

May 14, 2008 – 5:28 am

German investment bank SachsenFonds (SF) has bought stake in four realty projects of London Stock Exchange listed, India-focussed realty fund Trikona Trinity Capital for Rs 607 crore ($150 million). Trikona has made returns of 115% in the transaction.
In the Delhi-based Uppal IT park, SF raised its stake from 8% to 33%. In the Hyderabad-based residential [...]

By Rajani | Posted in Property News | Also tagged , , , , , , , , , , , , , , , , , , | Comments (0)