Tata Realty buys out Actis in Mumbai IT park for undisclosed sum

It's an all-cash deal; sources said Actis held 26% share in the property whose value is about Rs 1,200 crore

Tata Realty & Infrastructure (TRIL) today said it has acquired the entire share held by UK based PE fund Actis in an IT park called Intellion Square, in Goregaon area of Mumbai in an all cash deal.

Though TRIL did not disclose the value of acquisition, soures said Actis held 26 per cent share in the property, whose value is around Rs 1,200 crore, adding that Actis made three times returns on its investment.

The property was part of a joint venture between Tata Realty and Actis that invests in and develops new generation offices in established commercial markets across