Inspiring with recent upsurge in the Indian economy, the Trinity Capital listed with the AIM, set to invest $3 billion in coming five years in real estate related project. Trinity has also shown its interest to invest hospitality, commercial and residential real estate, retail and urban rejuvenation along with its partner IL&FS.
The fund management arm of Trinity, Trikona Capital’s co-founder, Ashish Kalra share the news that Trinity, IL&FS and local developers have already invested $1 billion in each of the sectors including equity and debt and planning to scale up their investment in the coming years.
To get a lucrative slice from the growing Indian market, Trinity has tied up with IL&FS to invest £ 238 million in Indian real estate and infrastructure projects. Trinity along with IL&FS and international investment bank, recently bought 5.92 per cent stake in Mumbai-based developer D B Realty (DBR) Ltd, part of the Dynamix Balwas Group, for £25.72 million.
These ties up with the established international business group and its line of investments in India, Trinity has registered its strong contender ship with leading global funds including Citigroup, Morgan Stanley, Goldman Sachs and Blackstone who have invested in Indian real estate projects, banking on the high rate of returns.
Via: Business Standard
