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Thursday, July 17
by
www.indiape.com
on Thu 17 Jul 2008 03:27 PM IST
A realty fund launched by India's No. 2 listed developer, Unitech Ltd, has raised $300 million from international investors for the firm's projects, a company spokesman said on Thursday.
"This is the first tranche. Another $300 million will be raised by September," the spokesman said. He declined to name the investors.
The Economic Times newspaper, citing an identified senior Unitech executive, said a Japanese bank and some Europe-based wealthy individuals were the investors in the Unitech International Real Estate Fund. more »
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