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Article: India : Nitesh Estates To Raise Rs 1200 crore.
- Article from:
- TendersInfo
- Article date:
- August 5, 2009
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Byline: manish03
Nitesh Estates To Raise Rs 1200 crore - Bangalore-based realty major Nitesh Estates is looking to raise upto Rs 600 crore in private equity funding and is in discussions with Farallon Capital, JP Morgan and TPG Capital. The firm, which has earlier raised funding from Och-Ziff Capital, is looking for funding as Citigroup backed out of $350-million funding last year..The firm could also go for an initial public offering (IPO) during the fourth quarter of this fiscal, raising another Rs 600 crore. (Economic Times)
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