Site Meter

Tuesday, June 12, 2007

Yatra Capital unit buys Eredene Mauritius

The Yatra Capital Ltd’s unit K2 Property Ltd has bought Eredene Mauritius Ltd. Eredene Mauritius Ltd was owned by Eredene Capital PLC. The deal was done for for 18.07 mln eur.

The company revealed that the they will complete high quality real estate India projects .

The company will make investment in India property by developing a five star hotel and service apartments in Bangalore with a 50 pct stake.

Property investment in real estate India projects by the the yatra group worth 51.58 mln eur which represents 51.58 pct of the 100 mln eur gross funds it raised when it listed in December last year.

Recently, the company has acquired a 49 pct stake in a real estate joint venture development company in India for 21.6 mln eur.

No comments: