UK based Trinity Capital (Eight) Limited has increased its stake in Ranbaxy group promoted Fortis Healthcare Limited (FHL) to four per cent from one per cent, through an additional investment of Rs 87 crore.
The New York-based real estate investment fund Trinity Capital has lined up $10 billion, which may go up to $12 billion, to develop three satellite cities on the outskirts of three major metros - Mumbai, New Delhi and Bangalore.
Despite coming to market last year amid a barrage of publicity, many of the Aim funds are still trading at a discount to their net asset values and some are still trading below their initial public offering prices even as their peers that listed in India are enjoying the good times.
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