India's Essel Finance commits $11m to housing developer
The private equity arm of India's Essel Finance has invested INR400 million ($6 million) across two housing projects by Mumbai-based developer Rashmi Housing, and will invest another INR350 million in a third project.
The first tranche of the investment was in Rashmi's Signature and Pink City projects; the third project has not been disclosed, according to VC Circle. All three are in Mumbai, and are aimed at providing...
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