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.

You might like these

Yuan Weakens as China Signals Support Fade

MakeMyTrip 2025 Financial Results & Outlook

KSOE & Cochin Shipyard MoU: Global Shipbuilding Collaboration

Godrej Consumer Products Growth Outlook 2025

TVS Motor Gains on Orbiter Launch

Indian Mutual Funds Foreign Assets Drop

Blue Dart Q2 Profit Surges 30%

News that matters the most ⚡