Market Sources, 2008-07-24
by India Research Team
Delhi, India
PRIVATE EQUITY
Bahrain‘s TAIB Bank purchased 26 percent stake in Anant Raj Projects for INR 216 crore
As reported in The Economic Times, Bahrain based TAIB Bank has purchased 26 percent stake in Anant Raj Projects for INR 216 crore. The Bank has made this investment through its real estate investment arm Acacia Real Estate.
According to Amar Sarin , executive director of Anant Raj Industries, confirmed this development.
REALTY PLAYER
Century Textiles plan to invest INR 6,300 crore in next five years
Century Textiles and Industries (CTI) on July 23rd, 2008, made an announcement to invest INR 6,300 crore inclusive of INR 2,600 crore to develop commercial projects on mill land at Worli and INR 1,800 crore for cement manufacturing capacity expansion, over the next five years.
About Colliers International
Colliers International is a global affiliation of independently owned commercial real estate firms. The organization's 11,000 employees span the world in 293 offices in 61 countries. On a worldwide basis, Colliers manages 868 million square feet, and has revenue of over USD 2 billion.
Contact Information
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