Actis PE is planning to exit from its real estate investment in Vaishnavi Group based in Bangalore. The PE firm in 2008 had invested $25 million in a SPV floated by Vaishnavi Group to construct a residential and retail property in Bangalore. Of its total investment, $7.5 mn was for developing Vaishnavi’s SPV a 1 mn sq ft mixed use project in Yeshwantpur, Bangalore and the remaining part of the investment was for other projects.
Actis Technologies has introduced Lunis 2 which combines efficient LED-technology, precise optics and consistent design within a single lighting tool that allows highly creative lighting possibilities
Shapoorji Pallonji has announced its entry into the Delhi-NCR market. The business conglomerate is expected to develop a housing project in the Delhi-NCR region with an estimated investment of Rs 12 billion.
Under Sanjiv Aggarwal, Partner Energy Asia, Actis, the global private equity fund’s renewable energy arm Sprng Energy has acquired 194 MW of the 400 MW of Shapoorji Pallonji group’s solar assets for a value of $200 million