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Actis Invests in JV with Vaishnavi Infrastructures Pvt. Ltd. |
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Written by News watch
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Monday, 30 June 2008 |
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Actis India Real Estate Fund has invested in a project of Bangalore based Real Estate Developer Vaishnavi Infrastructures. Actis, a leading private equity investor in emerging markets has taken a minority stake in VIPL's Yeshwantpur Project, in Bangalore North Corridor. This marks the entry into Indian Real Estate by Actis. The proceeds of the investment will fund the construction and development of approximately 925,000 square feet of high end residential and retail space at Yeshwantpur, which is emerging as one of Bangalore 's most attractive suburbs. o3 Capital, a knowledge-oriented investment bank headquartered in India , was the sole advisor to Vaishnavi Infrastructures.
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