Eredene Capital To Exit Matheran Realty, Gopi Resorts
by Charmi Gutka
Eredene Capital has signed an indicative term sheet to sell its stakes in Gopi Resorts Pvt Ltd and Matheran Realty Pvt Ltd. It is selling its stake for a single up-front payment of £7.2 Mn (R62.5 Cr) in both the firms, BL stated.
Eredene had earlier announced that it would not make investments in new projects in India and that it would seek to realise its present investments.
Government owned Russian energy explorer, OAO Gazprom is said to be interested in and is supposedly talking to IOC for buying a stake in the proposed LNG terminal at Ennore, Chennai, according to Mint.
SAIF Partners, one of the early backers of BSE listed local search directory, Just Dial has sold close to 2.4% stake in the company for a total of INR254 Cr. The part exit fetches the fund, a 30x returns on its seven year old investment.