Entrepreneur and investor C Sivasankaran, with business interests ranging from telecom to renewable energy, has forayed into realty by picking up a 49 per cent stake in Sahara Group’s Aamby Valley, an ambitious, sprawling real estate firm.
According to documents filed with the Bombay Stock Exchange, Siva Ventures entered into, between March and June 2007, with Sahara India Commercial Corporation Ltd, Aamby Valley Ltd and Sahara Group chief Subrata Roy Sahara.
Siva Ventures Ltd, the investment vehicle of Sterling Infotech Group, is promoted by Sivasankaran.
Siva Ventures has entered into deals with the Sahara Group on leasing and managing 97 Timber Chalets for 999 years, consultancy services and software maintenance.
Sivasankaran or Sahara Group officials could not be contacted for comment.