Two PE funds invest Rs 1,675 cr in DLF (Indian Express Finance via Yahoo! India News)

Real estate major DLF has received private equity investment amounting to Rs 1,675 crore from two private equity funds - Merrill Lynch & Co and Brahma Investments. Merrill Lynch & Co has obtained 49 per cent equity for Rs 1,481 crore in seven residential projects spread in four cities - Chennai, Bangalore, Kochi and Indore. These middle-income housing projects will be developed in 7-8 years, DLF ...