Virtuous Retail South Asia Pte. Ltd. (VRSA), the retail development arm of investment firm The Xander Group Inc., has bought the ‘Trilium’ shopping mall portfolio from Tata Realty and Infrastructure Ltd (TRIL) for $100 million. VRSA acquisition includes two shopping malls, in Nagpur and Amritsar, of around 700,000 sq ft and a million sq ft respectively boosts its mall portfolio in the country, and expands its presence across both larger and small cities. It also recently bought 20 acres from Raymond Ltd, in Thane, near Mumbai for ₹700 crore.

(Dealstreet Asia)