PE to join in on $504m DLF land buyout
A private equity player is thought to have teamed up with Lodha Group to buy a 17.5-acre plot of land in India from DLF, the country's largest developer, for INR28 billion ($504 million).
DLF will sell its land in Mumbai's Lower Parel district and receive its payment in one installment within the next two months. According to the Times of India, the unnamed private equity fund will contribute...
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