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New Deal


Announced

IIFL Asset Management to invest $24m in Anarock.

Financials

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Transaction Value£19m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Sources

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Tags

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real estate services

India

Real Estate Holding and Development

Acquisition

Domestic

Minority

Private

Private Equity

Pending

Friendly

Single Bidder

Synopsis

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IIFL Asset Management, a global asset management company, agreed to invest $24m in Anarock, an Indian real estate services company. "We have raised $24m as equity funding from 360 One Asset. The amount will be utilised for expansion and growth of our business. We will also spend a lot on technology upgradation to provide better service to our clients," Anuj Puri, Anarock Chairman.

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