Photo: ReutersNew Delhi: A Mauritius-based investor, Royale Partners Investment Fund, on Friday said it has offered to invest $1.67 billion (over Rs10,700 crore) in embattled Sahara group’s Aamby Valley project. The investment offer, proposed as a debt arrangement, comes at a time when the Supreme Court has ordered auction of the Aamby Valley resort town between Mumbai and Pune in Maharashtra. Sahara group pegs the market valuation of this project at over Rs 1 trillion. Royale Partners Investment Fund Limited, registered in Mauritius as a global business company, is owned by Dubai- headquartered RPMG Investment which is into investment management, private equity, asset management and proprietary trading. As the Supreme Court of India is seized of the matter, it is not appropriate for us to comment any further at this stage,” the company said.

Source: Mint August 11, 2017 13:52 UTC