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Provogue India sells stake in realty unit
By
IANS
New Delhi: Leading apparel retailer Provogue (India)Monday said the UK-based LTG International will invest Rs.569.7 million ($12.7 million) to pick up 3.36 percent stake in a unit of its real estate arm Prozone Enterprises.
Prozone is a joint venture between Provogue and the London-based property company Liberty International Plc.
In April, Provogue sold 27 percent stake in the unit for Rs.4.57 billion to Triangle India Real Estate Fund, founded by Old Mutual Investment and ICS Realty.
Prozone is a joint venture between Provogue and the London-based property company Liberty International Plc.
In April, Provogue sold 27 percent stake in the unit for Rs.4.57 billion to Triangle India Real Estate Fund, founded by Old Mutual Investment and ICS Realty.
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