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Virtuous Retail South Asia Pte. Ltd, a joint venture between The Xander Group and Dutch pension fund APG, has purchased a stake in North Delhi Metro Mall that will develop a premium retail facility in the heart of the national capital.
In the first round of funding, Virtuous has invested about Rs 350 crore while the total investment would go up to Rs 800 crore, reported ET.
AZB & Partners acted for Virtuous Retail South Asia with a team led by Senior Partner Hardeep Sachdeva, along with Partner Abhishek Awasthi and Senior Associate Rukmani Seth and Associates Prateek Batra, Tanay Shah, Gursimran Kohli, Tushar Dutta, Ambika Khanna and Ananya Rajput.
Dua Associates advised the sellers and the team was led by Partners Nirvaan Gupta and Amarta Roy.