Red Ford Capital, a Mumbai-based private Equity fund company, will buy a minority stake in Lotus Green's various real estate projects. Two townships have been planned by Lotus in Delhi. Lotus Greeen is also involved in the business of hotels, healthcare and education.
Lotus Green stated that Red Ford Capital will invest over Rs 635 crore in new projects that will be jointly developed with Lotus Green and rest Rs 365 crore will be invested in two existing projects which includes a township project Gurgaon and another on Yamuna Expressway.
Red Fort Capital will pick up about 50 per cent stake in these projects from the conceptualisation stage.