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German bank invests Rs 607 cr in Trikona projects

 
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PostPosted: Thu Jul 17, 2008 4:50 am    Post subject: German bank invests Rs 607 cr in Trikona projects Reply with quote

German investment bank SachsenFonds (SF) has bought stake in four
realty projects of London Stock Exchange listed, India-focused realty
fund Trikona Trinity Capital for Rs 607 crore. Trikona has made
returns of 115% in the transaction. In the Delhi-based Uppal IT Park,
SF raised its stake from 8% to 33%. In the Hyderabad-based residential
and retail project Manjira, SF picked up 41%, thereby completely
owning the project. For more detail visit http://www.magicbricks.com
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