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Private Equity | 6 December 2012

Eredene Capital To Exit Matheran Realty, Gopi Resorts

by Charmi Gutka
Eredene Capital To Exit Matheran Realty, Gopi Resorts
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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.

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