Tag: Purpose Vehicles

Unitech in talks with PEs to raise $500 m via debt issue

Unitech is planning to raise $300-500 million through an issue of convertible debt instruments to multiple private equity investors. According to a person with direct direct knowledge of the company‚Äôs plan, Unitech, which is desperately looking for a cash infusion to repay a debt of Rs 2,700 crore in three months, is holding negotiations with […]

Emaar Properties To Inject $150 Million In India

Emaar Properties, the leading real estate company in the Middle East, is set to inject $150 million for a 20-25 % stake each in three real estate developments in India. According to Company spokesperson Emaar and MGF Developments of India set up a joint venture in 2005 called Emaar MGF, which presently accounts for India’s […]

L&T Ready For Realty Drive

Engineering and construction, L&T, currently has real estate projects worth $2 billion in hand, said sources familiar with its plans. Most of these projects are in the form of special purpose vehicles, joint ventures and contracts. The SPVs also include a Rs 2,500 crore project in Chandigarh, sources told. Separately, Larsen & Toubro announced that […]

Walton Street of US will invest Rs 1000 crore in realty

MUMBAI- THE US-based hospitality and real estate fund Walton Street Capital (WSC) has decided to invest Rs 1,000 crore in the booming Indian real estate market in 2008. It has already united with property developers for investing Rs 600 crore at the project level. These investments will be made in special purpose vehicles (SPV) floated […]