trending Market Intelligence /marketintelligence/en/news-insights/trending/XDjqYpVTCZfj-dO376XmfQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Report: CPPIB, GIC in talks to purchase 21% stake in Indian developer

Gauging Supply Chain Risk In Volatile Times

The Commercial Real Estate CRE Sector Feels the Impact of the Coronavirus

Credit Analytics Case Study Poundworld Retail Ltd


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

Report: CPPIB, GIC in talks to purchase 21% stake in Indian developer

Canada Pension Plan Investment Board and Singaporean sovereign wealth fund GIC are respectively in discussions to purchase Baring Private Equity Partners India's 21% stake in Indian property developer RMZ Corp., Livemint reported, citing two sources with knowledge of the matter.

Baring's interest is worth 24.00 billion Indian rupees, one of the sources told the media outlet. The shareholder injected 4.50 billion rupees in RMZ in 2012.

The Qatar Investment Authority, or QIA, also holds a 25% interest in the developer, which it is looking to shed through a buyback option with the Menda family, an RMZ promoter, the Dec. 18 report noted. The buyback deal will up the Menda family's stake in RMZ to 79% from 54%. QIA initially invested 6.00 billion rupees in RMZ in 2013.

RMZ Corp. Co-founder and Corporate Chairman Raj Menda confirmed with the news outlet that talks were ongoing with QIA, adding that there would be more confirmation coming in a few weeks' time. QIA is also expected to inject funds into special purpose vehicles as part of the deal.

Menda did not comment on Baring's plans to dispose of its RMZ stake.

According to its website, RMZ has assets under management spanning 20 million square feet, 1.3 million square feet worth of premium homes, and 600,000 square feet of retail and hospitality space.

As of Dec. 18, US$1 was equivalent to 64.17 Indian rupees.