Shriram Properties, Xander Sign Rs 2,290-Crore Deal

Realty player Shriram Properties said it has signed a deal worth $350 million (Rs 2,290 crore) with Xander Group, making it the largest private equity deal in the real estate space. Under the deal, Xander acquires 100 per cent stake in Shriram's Gateway SEZ in Chennai for $190 million (Rs 1,250 crore), with a further commitment of $160 million (Rs 1,040 crore) towards expansion of the IT SEZ, the company said in a statement. The dea...