Birla Estates Secures $50M IFC Investment

  Published 1 year ago

Birla Estates secures $50M IFC investment for Pune and Thane projects via SPVs with 56-44 ownership split.

  • IFC invests $50M (Rs 420 crore) in Birla Estates' Pune and Thane real estate projects.
  • Funds allocated to SPVs developing 3.13mn sq. ft (Pune) and 6.43mn sq. ft (Thane) properties.
  • Birla Estates holds 56% economic interest; IFC owns 44% in the SPVs.

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