 "Standard Chartered")
UK-based private equity firm Actis is set to take over the Asia real estate portfolio of Standard Chartered Private Equity, a source in the know has said. The deal is believed to be worth $500 million (~3,230 crore).
Standard Chartered’s Asia portfolio has three joint ventures in India — with Tata Realty & Infrastructure for buying commercial assets, Mahindra LifeSpaces for residential projects, and Shapoorji Pallonji group for affordable housing.
Sources said that Actis has done due diligence and the paper work is on. The deal is expected to be completed in the next couple of months.
“Standard Chartered has
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