 "Viviana Mall")
Abu Dhabi Investment Authority (ADIA)-backed Lake Shore India Advisory is in talks with US-based private equity fund manager Apollo Global Management to raise $100-million (Rs 740 crore) debt. The proceeds will be used to fund the acquisition of Viviana Mall in Thane on Mumbai’s outskirts, said a source in the know.
Lake Shore is buying Viviana Mall from Singapore’s GIC and Ashwin Sheth group for Rs 2,000 crore, said the source.
“Lake Shore is planning to fund the mall acquisition through equity and debt. Talks with Apollo Global Management are at an advanced stage,” said the source.
Lake Shore is buying Viviana Mall from Singapore’s GIC and Ashwin Sheth group for Rs 2,000 crore, said the source.
“Lake Shore is planning to fund the mall acquisition through equity and debt. Talks with Apollo Global Management are at an advanced stage,” said the source.
