Happy

Singapore beverages and property group Fraser & Neave (F&N), brewer of Tiger beer, is in talks to enter the Indian real estate sector, a company official said yesterday.

F&N, which already owns a brewery in India through its Asia Pacific Breweries unit, said it was focusing on residential and serviced apartments in Indian cities like Mumbai, New Delhi, Bangalore, Hyderabad and Chennai, but had yet to conclude a transaction.

"We are currently discussing potential opportunities with various parties and hopefully we can close our first deal in due course," company spokesman Hui Choon Kit said.