With the beginning or operation Land Grabbing by Real Estate land sharks in India, greedy banks and financial institutions from all over the world have joined the bandwagon to finance these mega real estate deals.After George Soros' Quantum Fund picking up stake in Anant Raj Industries, CitiBank has bought 5.75% stake in Ansal Properties and infrastructures Limited. UK based Trinity Fund has bought a whopping 16% stake in Kapstone Corporation. The Citibank deal is valued at Rs175 crores. Ansal Properties and Infrastructure Limited will issue preferential shares at price of Rs610 on Face Value of Rs5. The Trinity Kapstone deal is valued at Rs85 crores.
No comments:
Post a Comment