HDIL group firm sells stake to DE Shaw for $250 million
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Sukumar
Feb 27, 2008, 4:55:28 AM2/27/08
to Kences1
MUMBAI: Real estate firm Housing Development & Infrastructure Ltd said
on Wednesday a group firm had sold stake to a unit of private equity
firm D E Shaw for $250 million (9.94 billion rupees).
The group firm, Mack Star Marketing Pvt Ltd, holds development rights
for a 54,000-metre commercial complex being constructed near Mumbai's
international airport. Last week, HDIL had transferred its development
rights for this complex to Mack Star for 9 billion rupees.
on Wednesday a group firm had sold stake to a unit of private equity
firm D E Shaw for $250 million (9.94 billion rupees).
The group firm, Mack Star Marketing Pvt Ltd, holds development rights
for a 54,000-metre commercial complex being constructed near Mumbai's
international airport. Last week, HDIL had transferred its development
rights for this complex to Mack Star for 9 billion rupees.
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