Key Takeaways
- • Citadel Securities, the Miami-based market-making firm founded by billionaire Ken Griffin, is moving its Indian unit into a larger office early next year, according to a filing and a person familiar with the matter.
- • The relocation is from the current Gurugram office at Two Horizon Center to a Godrej Industries group tower nearby.
- • The move reflects the firm's expansion in India, one of the world's fastest-growing financial markets.
- • The lease details were provided by real estate data analytics firm Propstack in a filing it supplied to Bloomberg.
Summary
Citadel Securities LLC, the market-making firm led by billionaire Ken Griffin, is relocating its Indian operations to a larger office early next year, according to a filing and a person familiar with the matter, as reported by Bloomberg. The move underscores the firm's continued expansion in India, which the report characterizes as one of the world's fastest-growing financial markets.
The Indian unit is shifting from its existing Gurugram office at Two Horizon Center to a tower owned by Godrej Industries group, located nearby. Details of the transaction were drawn from a filing provided by real estate data analytics firm Propstack, which Bloomberg cited as the source for the space change.
The report does not disclose the size of the new premises, the lease terms, or the headcount plans for the Indian unit. The relocation is a real estate development, but it signals a commitment to scaling local operations in a market where the firm has been building its presence.
Sources: Bloomberg; Propstack filing.
The Indian unit is shifting from its existing Gurugram office at Two Horizon Center to a tower owned by Godrej Industries group, located nearby. Details of the transaction were drawn from a filing provided by real estate data analytics firm Propstack, which Bloomberg cited as the source for the space change.
The report does not disclose the size of the new premises, the lease terms, or the headcount plans for the Indian unit. The relocation is a real estate development, but it signals a commitment to scaling local operations in a market where the firm has been building its presence.
Sources: Bloomberg; Propstack filing.
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