The backers of first fund, Abu Dhabi Investment Authority, Singapore's GIC and family office Premji Invest have committed to invest in the second fund also.
In financial year 2022, DLF has rolled out its residential projects in Delhi, Gurugram, Panchkula, and Chennai.
Shares of NIAÂ Company (up 30% in the past one month) and GIC Re (up by 18%) beat the S&P BSE Sensex, which gained less than 2% over the course of the preceding month
According to news reports, the housing finance company would give a yield of 7.40% on this offering and has already received commitments totalling about $12.23 million.
First tranche of equity investment of Rs533.20 crore now completed by Ganga Expressway.
The money will be used by Euler to expand its production and supply chain infrastructure, speed up product development, and hire more people for vital positions within the company
The antitrust watchdog said in a statement that it has approved Caladium Investment Ltd.’s roughly 7.49% stake in Aditya Birla Fashion and Retail Limited on a fully diluted basis through the preferential issue of shares and warrants.
The upcoming annual general meeting will be held on September 23, 2022, and the housing financier will ask its shareholders for approval of the capital raise plan at that time.
GIC, the sovereign wealth fund of the Singaporean government, increased its total investment to Rs1,511 crore by making an Rs400 crore investment in three subsidiaries of The Phoenix Mills by purchasing an equity position in these companies through a private placement.
Aditya Birla Group will hold a ~51.9% stake in the company post the completion of this transaction.