Exit of collaborative residential property business between Actis and Indian developer announced
Actis Exits Residential Real Estate Joint Venture with Mumbai-Based Developer, Seeks Strategic Buyer
In a significant move, global investment firm Actis has announced its exit from a residential real estate joint venture with a Mumbai-listed realtor. The details of the exit, however, remain undisclosed.
Actis, a leading investor in sustainable infrastructure and real estate across emerging markets, has been active in various sectors. Its investments span energy, digital infrastructure, and industrial development. The firm is known for its commitment to environmentally friendly projects, making it a key player in the green economy.
While Actis has not revealed its plans for the proceeds from the exit, there is speculation about a potential sale of Profectus to PE-backed Ugro Capital. However, the specifics of this deal are yet to be disclosed.
Meanwhile, other entities mentioned in the same news article include Tata Power, BluPine, and ICICI Prudential AMC. The exact nature of the news related to these entities was not specified.
Elsewhere in the business world, Amber Group, Mahindra Lifespaces, Asian Paints, and Rainbow Hospitals are involved in mergers and acquisitions. The location and name of the residential real estate project involved in Actis' joint venture remain undisclosed.
In other developments, Macquarie is attempting to sell Vibrant Energy, with new suitors and previous bidders expressing interest. Peak XV and Madison are eyeing potential multibagger returns as Pine Labs files for an IPO.
As always, for the full story, you would need a subscription or login to access the premium content. Stay tuned for more updates as these stories unfold.
Read also:
- Trade Disputes Escalate: Trump Imposes Tariffs, India Retaliates; threatened boycott ranges from McDonald's, Coca-Cola to iPhones
- Aquatech purchases Koch's Direct Lithium Extraction business, merging Li-ProTM DLE technology into the PEARLTM Technology Platform.
- Nepal's Journey: Evolution from Street Life to Political Power
- Li Auto faces scrutiny after crash test involving i8 model and a truck manufacturer sparks controversy
