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CLSA Acquires 7.63% Stake In Prajay Engineers

By : Irfan Khan | 21 March 2012
Industry : Real Estate
Category : Private Equity

CLSA Mauritius Ltd has acquired 7.63% stake in Hyderabad based real estate company – Prajay Engineers Syndicate Limited for R5.07Cr through open market transaction.

CLSA Mauritius bought 5336134 shares at a price of R9.5 per share from Merlin Securities – subsidiary of Legatum Capital on NSE.

Prajay Engineers Syndicate Limited develops real estate in India through two segments- Construction and Development of Property and Hospitality Hotels and Resorts.

Prajay has delivered over 75 projects and developed over 5 Mn Sqft. The Group operates three properties under the brand name 'Celebrity' - Celebrity Holiday, Celebrity Club and Celebrity Boutique Hotel.

Performance on BSE


CLSA Capital Partners is the alternative asset management arm of CLSA Asia-Pacific Markets, with US$1.5 billion under management. Its investment portfolio includes Alchemist Realty, Apar Industries, Resonance Eduventures among others.





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KVEZAR VIEW

  DEAL TRACKER FOR
DateTransactionTypeBuyerSize ($mn)
21/03/12  Prajay Engineers - CLSA Capital Capital Market  CLSA Private Equity Management Limited  1.00 
 
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  Profiles

Fund

NameCorpus Target Sector WebsiteKeyContact
CLSA Private Equity Management Limited    Food & Beverage
Consumer Goods
Transport & Logistics
Healthcare
Services  
http://www.clsacapital.com/  Nitin AgarwalPremal VedMiranda TangRichard PyvisChristopher SeaverAbhijeet NaikAnupam Guptakalpesh ParekhVivek MaheshwariGary NgSameet TheteSonal Jain  

Company

NamePromotersOfficeCompetitorWebsite
Prajay Engineers Syndicate Limited  D Vijay Sen Reddy
Vijmohan Construction Private Limited
D S Chandra Mohan Reddy  
4-1 2/4,Eden Garden,
Ramkote,
Hyderabad-500 001.  
Vijay Shanthi Builders Limited   http://www.prajayengineers.com
1 January 07, 2013
05:43 PM
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