Pallagames, Trilogix, SIDBI To Buy Stake In Mumbai Gaming Company MAHL
By Anupama Chandrasekaran - Tue 02 Oct 2007 07:17 PM PST
According to the Economic Times, Mauritius-based gaming firm Pallagames and UK-based IT firm Trilogix along with Small Industries Development Bank of India (SIDBI) are close to picking up around 25 percent stake in Mennen Aviation and Hospitality (MAHL), a Mumbai-based, real estate, gaming and aviation services firm.
The financial daily quotes MAHL Managing Director, Dinesh Menon, as saying that his company has already finalised an equity deal with Sidbi while negotiations are on with Pallagames and Trilogix. MAHL has plans to raise around Rs 150 crore through a mix of debt and equity for its expansion plans.
Posted in: Gaming, JV & Investment, Mergers & Acquisitions
