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Kolkata, Dec. 13

Riverbank Holdings has finalised a funding of Rs 117.60 crore for the IT SEZ portion of its Calcutta Riverside project at Batanagar on the outskirts of Kolkata. Yatra Capital Ltd will invest the funds in the IT SEZ component of the Calcutta Riverside project in lieu of 50 per cent equity stake in the SEZ. Spread over 25 acres, the IT SEZ will have a built-up area of 21.92 lakh sq.ft and is expected to house IT companies from across the world. —

Our Bureau

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