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Macrotech acquires Bain Capital's stake in 3 entities for Rs 307 crore

Business Standard LogoBusiness Standard4h ago

Macrotech acquires Bain Capital's stake in 3 entities for Rs 307 crore - Business Standard

Quick Summary:

In a regulatory filing on Thursday, the company informed that it has "executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the digital infrastructure platform entities (Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd), in entirety at a consideration of Rs 307 crore".

Realty firm Macrotech Developers has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 307 crore as part of a strategy to enhance rental income.

Macrotech Developers is one of the leading real estate firms in the country.

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Article Details

Category: BusinessFinance

Markets:

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Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 11:34:46 (4 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 336 words

Reading Time: 2 minutes read

Sentences: 13 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Standard

News ID: 23457807

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