Dutch pension fund managers APG will invest Rs. 650 crore to pick up a 6% stake in mid-market hotels group Lemon Tree. Under the deal, APG will form a new joint venture with the Delhi-based company to set up around 4,500 hotel rooms in the country in four years. APG, which manages the Netherland's largest and the world's third largest pension fund Stichting Pensioenfonds ABP, will hold 47% shareholding in the joint venture-Fleur Hotels Pvt Ltd-while Warburg Pincus-backed Lemon Tree will hold the balance 53%.
Recently, in a landmark judgment by the Supreme Court in the case of Bank of Baroda v. Kotak Mahindra Bank, the Apex Court has determined over the limitation period applicable for executing a forei More
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