PE-RE Fund Investments
New York Life to acquire 49% stake in 2 projects by Max Estates for Rs.388-Cr
New York Life Insurance Co is to invest INR 388 crore for a 49% equity stake in two commercial projects in Delhi and Noida by Max Estates ' SPV.The two commercial buildings are Max Tower in Noida and Max House in Okhla, with a total leasable area of around 600,000 sq ft. With this deal, New York Life is now a 49% partner in all the commercial projects by Max Estates in Delhi-NCR.
Want to receive such news items in your inbox? Click Here to sign up for a trial.
