CapitaLand, Southeast Asia’s largest property group, announced that it has completed the acquisition of the remaining 60 percent interest in Rattha Somerset Whitefield Hospitality Private Ltd, which owns a site in Bangalore that will be developed into new serviced residences.
The acquisition comes after CapitaLand said in March that it plans to expand its Indian portfolio by acquiring full ownership of four joint venture (JV) companies, which own sites in different cities across India.
Following the completion of the acquisition, Whitefield has become a wholly-owned subsidiary of CapitaLand.
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