Virtuous Retail acquires three Indian malls for $500m

Virtuous Retail acquires three Indian malls for $500m

Virtuous Retail South Asia chairman Sid Yog. Photo: Hemant Mishra/Mint

Virtuous Retail South Asia Pte. Ltd (VRSA), the retail development joint venture between alternative investment firm The Xander Group Inc. and Dutch pension fund APG, has acquired two existing malls and an upcoming retail development project for around $500 million, said Siddharth Yog, its founder and chairman.

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