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.