Man Infraconstruction acquires 15.38% stake in US real estate JV
Man Infraconstruction Ltd, via its subsidiary MICL Global, Inc. and associate Admire 1250 LLC, acquired 15.385% stake in 1250 JV LP, Delaware, USA, for an initial cash contribution of $10 million. The entity, with no turnover, will focus on real estate development. The promoters hold no personal interest, enabling Man Infra to expand its US real estate portfolio.