TPG buys 15% stake in Shriram Properties
Real Estate

TPG buys 15% stake in Shriram Properties

Private equity major TPG Capital is in the process of acquiring a 15 per cent stake for Rs 450 crore in Bengaluru-based real estate developer Shriram Properties, the realty arm of Shriram Group.

The deal will value Shriram Properties at approximately Rs 3,000 crore. Shriram Properties is expected to use the funding to foray into hospitality and IT Parks, besides expanding its residential space. The funding will also be used for inorganic expansion opportunities.

Contact: TPG. Website: www.tpg.com

Private equity major TPG Capital is in the process of acquiring a 15 per cent stake for Rs 450 crore in Bengaluru-based real estate developer Shriram Properties, the realty arm of Shriram Group.The deal will value Shriram Properties at approximately Rs 3,000 crore. Shriram Properties is expected to use the funding to foray into hospitality and IT Parks, besides expanding its residential space. The funding will also be used for inorganic expansion opportunities.Contact: TPG. Website: www.tpg.com

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