To jointly acquire Perungudi Real Estates for Rs 600 crore
Brigade Enterprises has entered in to a Shareholders' Agreement and Securities Subscription Agreement on 03 March 2016 with Reco Caspia , an investment vehicle of GIC, Singapore and Perungudi Real Estates, a special purpose vehicle.The Company and Reco Caspia will be acquiring 100% equity stake in Perungudi Real Estates ("Target"), a special purpose vehicle by purchasing 10,000 equity shares from the existing shareholders of the Target and subscribing to certain securities of the Target, thereby jointly proposing to invest an aggregate amount of Rs.600 crore. The Target proposes to acquire property for undertaking construction development activities.
Powered by Capital Market - Live News
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app