Mumbai based Beyond Squarefeet Advisory Private Limited has acquired IDEAS Consultancy and Advisory - a division of IDEAS Advisory & Property Management Private Limited (India) and the South-Asia arm of Ideas Advisory Pte Ltd (Singapore).
Post this deal, Surjit Rajpurohit will head the mall/asset management business of Beyond Squarefeet as Director – Business Strategy.
IDEAS is a consulting and advisory firm which provides asset management services for retail real estate assets. The firm's strategic consulting arm provides services to all asset classes ranging from Commercial/Office real estate, Residential, Hospitality, Hospitals and Educational Institutions.
The Foreign Investment Promotion Board (FIPB) green-signals broking firm Sharekhan Ltd.’s proposal to sell 100 per cent stake to BNP Paribas after many deferrals. This move will allow the former to entice foreign investment of worth Rs 2,060 crore. Currently, this procedure falls under FDI policy that means, a foreign investor can have up to 100 percent stake in a stockbroking firm only under the automatic route.