MUMBAI: Investors including a fund managed by Morgan Stanley and the Government of Singapore Investment Corp are in separate talks to buy a Mumbai property from Indian textiles firm Alok Industries for about $200 million, two sources with direct knowledge of the matter told Reuters.
Both Morgan Stanley and GIC declined to comment. Other Mumbai textile firms including Bombay Dyeing, Century Textiles, Provogue India, and Arvind Ltd are also trying to sell or develop real estate assets in India's financial capital, where office towers have sprouted on the sites of former textile mills. Full story
