Tag: Equity Stakes

MPC Energy Buys Equity In Phoenix Mills SPVs

MPC Energy, a JV between Germany-based MPC Capital and Switzerland-based Synergy Asset Management, has invested Rs 1,300 Crore in the purchase of equity in special purpose vehicles floated by Phoenix Mills, a real estate developer. 70% of the investment is expected to be used for fifteen projects that are in development stages, while the remaining […]

PEs, FIIs Ready To Buy Equity Stake

Real estate funds, PE players and foreign institutional investors are exploring options to buy equity stakes in listed realty companies, as valuations of these companies have fallen by over 65% during the past three months. The move has also come as a blessing in disguise for these realty companies who have been finding it difficult […]