Virtuous Retail: Xander's Virtuous Retail buys stake in North Delhi Metro Mall

Virtuous Retail South Asia Pte. Ltd, a joint venture between alternative investments firm The Xander Group Inc. and Dutch pension fund APG, has acquired a majority stake in privately held North Delhi Metro Mall Pvt. Ltd (NDML), according to a media report. The company will invest a total of Rs 800 crore ($121 million) in NDML, The Economic Times reported, citing people it didn't identify. It has already invested Rs 300 crore. The funding will be used to build a retail centre spread across 12.3 acres in north Delhi. An email sent to Virtuous Retail and NDML [...]