Dalal Street Investments
Top

Unity Infra + Kamath Hotels Joint Venture

November 5, 2007

Unity Infraprojects has announced that Kamath Hotels India have been inducted in the joint venture for operating of the hotels and the company has formed the SPV Company in which the Unity Realty and Developers. Wholly owned subsidiary of the company, Kamath Hotels (India) and BSEL Infrastructure Realty holds shares equally.

The company further informed that the wholly owned subsidiary of the company, Unity Realty & Developers, Kamath Hotels (India) and BSEL Infrastructure Realty have agreed to dilute their stakes in the said SPV from 33.33% each to 17% each with 49% stake being offered to Clear Water Capital Partners (Cyprus). The projects is a fast track project to be completed before beginning of 3rd commonwealth youth games 2008, at Shiv Chhatrapati Sports complex, Balewadi, Pune.

Comments

Got something to say?






Bottom