Published on Wed, Nov 26, 2008 at 12:44 | Source : CNBC-TV18
Updated at Wed, Nov 26, 2008 at 18:44
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DAL to raise $450m from PE investors: Sources
DLF Assets (DAL) will raise around USD 450 million from a cluster of private equity investors, reports CNBC-TV18, quoting sources. Investment banking sources said JP Morgan, Texas Pacific and others are likely to invest in DAL.
Here is a transcript of Nayantara Rai's comments on CNBC-TV18. Also watch the accompanying video.
DLF Assets (DAL) will raise around USD 450 million from a cluster of private equity investors, reports CNBC-TV18, quoting sources. Investment banking sources said JP Morgan, Texas Pacific and others are likely to invest in DAL.
The DAL PE deal, in which JP Morgan and Texas Pacific will together put in USD 200 million, is likely to be signed in the next few days. DAL will receive money by January end, sources added.
DAL owes Rs 4,804 crore to DLF as on September 30 and was targeting capital raising to the tune of USD 400-500 million.
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This information has not been provided to the stock exchanges, and is source-based.
Here is a transcript of Nayantara Rai's comments on CNBC-TV18. Also watch the accompanying video.
