FCH buys 50% stake of CapitaLand

Mumbai: Future Capital Holdings Ltd said Kshitij CapitaLand Mall Management Pvt Ltd (KCMMPL) is a 50:50 Joint Venture between Future Capital Holdings Ltd (FCH) and CapitaLand Retail India Pte Ltd (CapitaLand) with each party holding 50 per cent of KCMMPL.

The company said that FCH has acquired the 50 per cent stake of CapitaLand in KCMMPL on April 9 and that KCMMCL was now a wholly owned subsidiary of FCH.