Tag: Ludhiana

Mondon’s Indian Partner Goes Bankrupt

July 6, 2010 – 10:37 pm

Photo by bartmaguireIn a recent development the local partner of Mondon Investment Ltd. went bankrupt. Following the event Indian banks initiated a foreclosure proceeding against Fishman Holding’s Indian development arm project. They were to construct a mall in Ludhiana, Punjab. The project company ended up in violation of their financial covenants to banks after Mondon’s […]

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JMD Hopeful To Raise Rs 200-300 crore Through Private Equity

June 20, 2008 – 2:49 am

Real estate company JMD said on 19th June it has roped in property consultancy firm Cushman & Wakefield for an enterprise valuation, in line with its plans for a Rs 200-300 crore public issue in coming 4-6 months. JMD also hopes to raise a similar amount through private equity, for which it has already initiated […]

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Realty CO Eldeco Eyes $250 mn PE Investment

February 26, 2008 – 6:38 am

Delhi-based tier II realty player Eldeco Group is in discussions with AIG and Merrill Lynch for raising $200-250 million from a clutch of private equity (PE) investors. As part of the plan, Eldeco has already raised some funds from Xander PE. Sources said group company Eldeco Infrastructure & Properties (EIPL) was in the market for […]

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