Mau­ri­tius Fund Of­fers Loan to Sa­hara's Aamby Val­ley

The Economic Times - - Companies: Pursuit Of Profit -

A Mau­ri­tius-based in­vestor, Royale Part­ners In­vest­ment Fund, on Fri­day said it has of­fered to in­vest $ 1.67 bil­lion (over ₹ 10,700 crore) in embattled Sa­hara group's Aamby Val­ley project. The in­vest­ment of­fer, pro­posed as a debt ar­range­ment, comes at a time when the Supreme Court has or­dered auc­tion of the Aamby Val­ley re­sort town be­tween Mumbai and Pune in Ma­ha­rash­tra. Sa­hara group pegs the mar­ket val­u­a­tion of this project at over ₹ 1 lakh crore. Royale Part­ners In­vest­ment Fund, reg­is­tered in Mau­ri­tius as a global busi­ness com­pany, is owned by Dubai­head­quar­tered RPMG In­vest­ment.

NEW DELHI

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