Business Overview
- Intend to setup a shopping mall in Vishakhpatnam.
- Have already identified the land to be acquired.
- The land is estimated to cost INR 30 cr. and the development costs are expected to be INR 50 - 55 cr.
- The plot is 3,000 square yards and will be developed within 18-24 months of acquisition.
- Seeking funds to finance the acquisition of the land and cover development costs.
- The mall will be held under an existing private limited entity whose operations include R&D and robotics.
- The parent firm has INR 2.3cr. of revenue and is in the process of signing 2 large contracts with the Indian Railways.
Products & Services Overview
Shopping mall.
Partial Stake Sale
USD
9.6 million
for
70.0%
stake
(Native Currency: INR 850,000,000)
Reason: To acquire the land and build the mall.
In talks with 1 Investor