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Wednesday, August 15, 2007

HDFC, Citigroup & GIC are set to pump $300 million into Shapoorji Pallonji

The deal—amongst the biggest private-equity plays in the Indian real estate sector—was imminent and might also involve a few more investors. It is believed that PEs could pick 15-20% stake in the recently-created holding entity of the group’s realty venture. The Mumbai-based 140-year-old construction group is developing real estate worth about $2 b

read more | digg story

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