IndiQube approves up to Rs 35 crore stake in SaiEdge Realty
In short
IndiQube Spaces has approved an investment of up to Rs 35 crore in SaiEdge Realty for a stake of up to 49%.
SaiEdge will build office space that IndiQube plans to lease later. The reporting does not say when the project will finish or what the lease terms will be.
What the reporting says
IndiQube Spaces’ board approved an investment of up to Rs 35 crore in SaiEdge Realty for a stake of up to 49% on a fully diluted basis. The reporting says SaiEdge will develop commercial office space that IndiQube intends to lease after completion. The timing of the project, the lease terms and the final investment amount are not stated in the available reporting.
Why it matters
IndiQube Spaces has approved an investment of up to Rs 35 crore in SaiEdge Realty for a stake of up to 49% on a fully diluted basis. The reporting says SaiEdge will develop commercial office space that IndiQube intends to lease upon completion. The available details do not state the project timeline, location, or any financial return assumptions.