Mauritius Fund Offers Loan to Sahara's Aamby Valley
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.