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Cadila Health gains on selling India-focused animal health biz


Cadila Healthcare rose 2.60% to Rs 646.10 after the company s subsidiary announced plans to sell its India focused animal health business to Multiples Alternate Asset Management led consortium.
Zydus Animal Health and Investments (ZAHL), a wholly owned material subsidiary of Cadila Healthcare, has entered into a business transfer agreement (BTA) and other ancillary agreements to sell and transfer its Animal Healthcare Established Markets Undertaking (Zydus AH) to Multiples Alternate Asset Management led consortium.
The deal is to sell one of the two business undertakings of ZAHL, called Animal Healthcare Established Markets Undertaking on a slump sale basis as a going concern, for a lump sum consideration of Rs 2,921 crore on a cash free and debt free basis, subject to certain closing date adjustments and other conditions. ....

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CPP and RMZ form property joint venture | Asia Asset Management


Canada’s largest pension fund is investing US$210 million in a joint venture with India’s RMZ Corp to develop 10.4 million square feet of office space in the southern Indian cities of Chennai and Hyderabad.
The assets will have an estimated value of over $1.5 billion once they are developed, RMZ Chairman Manoj Menda says in a statement issued jointly with the Canada Pension Plan Investment Board (CPP Investments) on April 12.
“As India continues to be a strong source of global talent, demand for collaborative and engaging work space is expected to grow,” adds Hari Krishna, CPP Investments’ managing director for real estate – India. ....

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RMZ Corp and CPP Investments announce commercial real estate development joint venture in India


RMZ Corp and CPP Investments announce commercial real estate development joint venture in India
ANI |
Updated: Apr 12, 2021 09:35 IST
Bangalore (Karnataka) [India], April 12 (ANI/PRNewswire): RMZ Corp, one of Asia s largest privately-owned real estate owners & developers and Canada Pension Plan Investment Board ( CPP Investments ) announced today that they have entered into a joint venture to develop and hold commercial office space in Chennai and Hyderabad.
CPP Investments will invest Rs 15,000,000,000 (USD 210 million), which will allow for the expected development of 10.4 million square feet of high-quality commercial office sites.
RMZ is widely recognized as one of the most innovative and prolific developers in Asia, dedicated to working to the highest standards across all aspects of the real estate equation. The partnership with CPP Investments, a globally respected institutional investor, will only strengthen our vis ....

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