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IDFC to acquire Phase-I of BlueRidge SEZ

Friday, 31 May 2013
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IDFC, a domestic financial institution, is planning to acquire the entire Phase-I of BlueRidge SEZ at Hinjewad in Pune, Maharashtra.

 

The acquisition will be obtained at $83 million (around Rs 456 crore). The equity stake will be bought in phases based on milestones achieved.

 

BlueRidge SEZ is an information technology enclave being developed by Paranjape Schemes, a developer in Pune.  Phase-I of the SEZ has 1.45 million sq ft of leasable space and is already operational, with tenants such as Accenture, Cisco and L&T.

 

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