Investment in Gurgaon SEZ By Trinity Capital

Trinity Capital invests Rs 300 cr in Gurgaon Special economic zones. The two companies have signed a MoU with Trinity Capital and have announced the divestment of their partial shareholding in the SPV in favor of the global investment firm, Uppal Group said in a statement.

Global investment firm Trinity Capital PLC on Tuesday announced investment of Rs 300 crore in Luxor Cyber City, a special purpose vehicle (SPV) formed by real estate player Uppal Group and Luxor Group.

Luxor Cyber City was floated by the two companies to develop an 8.2 million sq ft Special Economic Zone in Gurgaon.

"Through this association, we will invest towards the development of a multi project SEZ in Gurgaon, which is estimated to be completed by 2011," Uppal Group Managing Director Manish Uppal said.

The project would focus on attracting IT and IT enabled Services companies, besides developing supporting infrastructure such as housing, restaurants, entertainment zones, schools, and hospitals.

Source://ET