This story is from December 8, 2010

Religare to buy Indireit from Piramal

Ajay Piramal is set to exit from realty-focused venture capital fund Indireit Fund Advisors by selling his entire 85% stake to financial services firm Religare.
Religare to buy Indireit from Piramal
NEW DELHI: Ajay Piramal is set to exit from realty-focused venture capital fund Indireit Fund Advisors by selling his entire 85% stake to financial services firm Religare Enterprises for 212 crore. "Religare is buying Piramal's 85% stake in the company for just above of 212 crore, valuing the company at 250 crore," a source close to the development said on Tuesday.
End of Article
FOLLOW US ON SOCIAL MEDIA