Arch Capital exits India real estate project to Mahindra Lifespaces
Mahindra Lifespaces has bought back Arch Capital's 49% stake in a real-estate joint venture based in the Indian city of Chennai.
According to a regulatory filing, Mahindra Residential Developers (MRDL) will become a wholly-owned subsidiary of Mahindra Lifespaces. The deal is is said to be valued at around INR700 million ($72.1 million)....
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