Macrotech buys Bain Capital's stake in 3 logistics park cos for Rs 307 cr

Quick Summary:

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 annual rental income.

In May 2022, the company announced a tie-up with Bain Capital and Ivanho Cambridge to set up a platform that will invest around USD 1 billion to develop digital infrastructure space, including warehousing and industrial parks across India.

Macrotech Developers had in September this year acquired the interest of Ivanhoe Warehousing India Inc (Ivanhoe) in the digital infrastructure platform entities for Rs 239.56 crore.

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Category: BusinessFinance

Markets: India

Topics: Logistics park firm Macrotech Bain capital Macrotech Developers

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-07 @ 17:59:15 (7 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

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News ID: 23460981

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