Lehman Brothers and Deutsche Bank to invest in Unitech
March 24th, 2008 Leave a comment Visited 22 times, 1 so far today
Lehman Brothers and Deutsche Bank to invest in Unitech
Market sources say that Lehman Brothers and Deutsche Bank are all set to announce that they are investing close to around $500 million in the real estate developer Unitech.
The two private equity players are said to be in talks with the India’s second-most valued real estate developer and they are likely to pick up a minority stake in the SPV it is forming for two commercial projects in Mumbai.
Unitech has declined to comment on this market report.
A market source stated: “Unitech has a land bank of 350 acres in Mumbai. The company is aiming to generate more revenues from Mumbai than NCR in the next two years.”
Delhi NCR, Deutsche Bank, Investments, Lehman Brothers, Mumbai, Real Estate, Unitech
Somanshu
Category: News
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