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

Q: How long will it take to read this news story?

The story "Macrotech buys Bain Capital&#039;s stake in 3 logistics park cos for Rs 307 cr" has 473 words across 18 sentences, which will take approximately 2 - 4 minutes for the average person to read.

Q: Which news outlet covered this story?

The story "Macrotech buys Bain Capital&#039;s stake in 3 logistics park cos for Rs 307 cr" was covered 2 weeks ago by Business Standard, a news publisher based in India.

Q: How trustworthy is 'Business Standard' news outlet?

Business Standard is a fully independent (privately-owned) news outlet established in 1975 that covers mostly business and finance news. The outlet is headquartered in India and publishes an average of 328 news stories per day. It's most recent story was published 7 hours ago.

Q: What do people currently think of this news story?

The sentiment for this story is currently Negative, indicating that people regard this as "bad news".

Q: How do I report this news for inaccuracy?

You can report an inaccurate news publication to us via our contact page. Please also include the news #ID number and the URL to this story.<ul><li>News ID: #23460981</li><li>URL: https://beamstart.com/news/macrotech-buys-bain-capitals-stake-17309838121494</li></ul>

Business Standard Logo Business Standard 2w ago

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

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.