Joint Venture27 May 2025, 07:52 pm
Peninsula Land Ltd Subsidiary Invests in M/s. Terranest Agri - Infratech LLP for Real Estate Development
AI Summary
Peninsula Land Ltd's wholly owned subsidiary, Peninsula Holdings and Investments Private Limited (PHIPL), has invested in M/s. Terranest Agri - Infratech LLP through a Deed of Reconstitution. The investment is part of a joint venture agreement with the Real Estate 2.0 Residential Opportunities Fund, a scheme of Alpha Alternatives Special Situations Fund, and Delta Corp Limited. The objective is to form a Real Estate Platform for real estate development. The investment details are provided in the attached Annexure I.
Key Highlights
- Peninsula Land Ltd's subsidiary, PHIPL, invests in M/s. Terranest Agri - Infratech LLP
- Investment is part of a joint venture agreement with Alpha Alternatives Special Situations Fund and Delta Corp Limited
- The objective is to form a Real Estate Platform for real estate development
- PHIPL has invested INR 29,420 towards its stake of 29.42% and made commitments to infuse further funds
- The project of the reconstituted LLP is expected to commence over the ensuring few months