Trinity Capital to invest Rs 300 cr

Trinity Capital Plc, a US-based boutique investment banking and restructuring firm which is listed on the Alternative Investment Market, has entered into a memorandum of understanding (MoU) for investing Rs 300 crore in Luxor Cyber City (LCC). LCC, a JV between Uppal Group and Luxor Group, is a special purpose vehicle (SPV) formed for developing an IT-ITeS special economic zone near Gurgaon. Trinity will receive about 33 per cent stake in the SPV.

LCC will develop 10 million sq ft over an area of 67 acres. The SEZ is located in Shikohpur on NH-8. It has already received all regulatory clearances.

“Of the total space, 6.5 million sq ft will be used directly as IT space and 3.5 million sq ft will be developed for supporting usage,” said Manish Uppal, MD, Uppal Group.