💨 Abstract

Max Estates Limited has successfully completed a strategic investment with New York Life Insurance Company (NYL), who acquired a 49% stake in Max Towers and Max House (Phase I & II) for Rs 391 Crore. Both assets are rent-yielding operational commercial properties located in Noida and Delhi. Max Estates continues to hold a 51% stake in both Special Purpose Vehicles (SPVs).

Courtesy: theprint.in

Summarized by Einstein Beta 🤖