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Mergers & Acquisitions | 23 April 2012

Man Group To Exit Real Estate Biz, Focus On Steel Pipe Manufacturing

by Charmi Gutka
 
@charmi
Man group is planning to exit its real estate business to focus on its core business of steel pipe manufacturing.

The group, which has invested R350Cr in real estate via its subsidiary @Man_Infraprojects, will sell off its projects in 18 to 24 months, according to Financial Express.

Founded in 2006, Man Infraproject is engaged in real estate management and development. It undertakes hospitality, residential, commercial, information technology park, and SEZ projects.

Max India To Exit From Its Polypropylene Biz

Max India is planning to exit its polypropylene business in a two-stage transaction for an enterprise value of about R800Cr in order to exit its non-core business.

Read More...

Nexus Venture Buys Stake In Startup Function Space

Pune based education startup Function Space has raised an undisclosed amount of funding in seed round from Nexus India Capital to strengthen its existing content and also increase its current userbase.

Read More...
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