Apparel retailer Provogue (India) Ltd announced today that UK's LTG International Ltd will invest 569.7 mn rupees to pick up 3.36 per cent stake in a unit of real estate arm Prozone Enterprises Pvt Ltd.LTG is founded by Lewis Trust Group of UK and Prozone is a joint venture between Provogue and Liberty International Plc.
In April, Provogue sold 27 per cent stake in the unit for 4.57 bn rupees to Triangle India Real Estate Fund, founded by Old Mutual Investment and ICS Realty.
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