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Coimbatore, March 19

Country Club India Ltd has brought properties in Chennai, Pune, Delhi, Kochi, Kolkatta, Ahmedabad, Vadodara and Surat during the past two months. The acquisitions amounting to Rs 96.04 crore are a part of the strategic expansion plan undertaken by the company to consolidate and strengthen its pan-India footprint. The company, which currently owns/operates 33 properties across the country, mobilised Rs 486 crore through a recently completed GDR/QIP issue. The GDR/QIP issue was priced at Rs 770 per share. Fidelity Investment International picked up 9.88 per cent equity in the company, while Goldman Sachs International and New Vernon picked up 6.59 per cent and 4.94 per cent equity respectively. —

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