Singaporean firm Omega TC Holdings is to acquire a minority stake in India’s Roots Corp. Ltd for an investment of Rs 220 crore. Roots Corp Ltd is part of the Tata group of companies and runs budget hotels chain Ginger. The investment will be undertaken in tranches, with the Singaporean firm retaining the option to

Singapore based Ascendas Property Fund Trustee Private Limited, the Trustee-Manager of Ascendas India Trust is to acquire Phoenix Infocity Private Limited’s portfolio of 5 buildings in Hitec City 2 Special Economic Zone, Hyderabad. Two of the buildings are completed and 100% occupied, while the other 3 buildings are expected to be completed over the next

HDFC Property Ventures Limited has sold its 50 per cent stake in its JV project, Nitesh Indiranagar Mall to JV partner Nitesh Estates Limited. HDFC’s real estate arm invested $20 million in Nitesh’s 1.5-million-square feet mall project at Indiranagar in Bangalore in 2009 and given the rate of 20 per cent return on investment, it

Kotak Realty Fund, part of the larger Kotak Mahindra Bank reported that it had invested $53.6 million, about Rs 250 crore, in twin realty projects operated by Emaar MGF Land Ltd. Kotak Realty Fund is a unit of the Indian financial services major, Kotak Mahindra Bank and in a press statement, the firm was quoted

Reliance Industries Monday reported its wholly owned subsidiary Reliance Industries Investment and Holding Private Ltd acquired 14.12% stake in East India Hotels Ltd, the firm that operates the Indian Oberoi Hotels and Resorts. Reliance Industries said it would undertake the investment at an estimated Rs 1,021 crore.
The investment will see the Reliance subsidiary acquire the

In an interview with Reuters Monday, Singapore’s CDL Hospitality Trusts chief executive officer said the firm was considering acquisition investments in India, Vietnam and Japan. In that regard, the firm’s chief said CDL Trusts had a war chest of around 550 million Singapore Dollars for undertaking the investments.
CDL Hospitality Trusts controls about five hotels in