Tag: Capital Management

Corporates Float Money To Attain Assets In Property Market

September 25, 2008 – 12:25 am

Expecting huge value erosion in the realty space, corporates have started to float new funds to acquire assets in the domestic property market.
Corporates such as the Aditya Birla group, GMR Infrastructure, Akruti City, Bangalore-based Nitesh group and Saffron Advisors have either floated or are in the process of floating funds with corpus ranging between Rs [...]

By rajani | Posted in Property News | Also tagged , , , , , , , , , , , , , , | Comments (2)

Benson Elliot buys 70% of Spanish developer

June 10, 2008 – 3:57 am

LONDON: Private equity real estate firm Benson Elliot Capital Management has bought a 70% stake in Spanish developer Promobuilding SL in a bid to cash in on distressed house building projects in Spain’s faltering economy.
The acquisition, which has been accomplished via a recapitalization and subscription for new shares, is predicted to provide privately owned Promobuilding [...]

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Farallon, LNM Will Invest Rs 1,580 crore

February 15, 2008 – 7:25 am

Indiabulls Real Estate has entered into an agreement with FIM and LNM India Internet Ventures, who will mutually invest Rs 1,580 crore. FIM is a foreign venture capital investor managed by Farallon Capital Management LLC and LNM India Internet Ventures is an investment body of LN Mittal group.
The investment will be by way of subscription [...]

By rajani | Posted in Property Investment | Also tagged , , , , , , , , | Comments (0)