India
DLF Taps Private Equity Interest in South Asian Real Estate to Raise INR16.75 billion
Nov 19, 2007

In a statement to the National Stock Exchange on Monday, DLF, one of India's largest real estate developers, said it has raised INR16.75 billion (c.US$ 425 million) by selling stakes to private equity firms. The New Delhi-based company has tapped growing investor appetite for new property ventures in the South Asian market.

DLF raised INR14.81 billion by selling a 49% stake in seven middle-income housing projects to a real estate fund owned by investment bank Merrill Lynch & Co. 

Source: CNNMoney/Dow Jones