IL&FS increases ties to Orbit Corp. through $64 million investment
Indian redevelopment firm Orbit Corporation is reportedly set to link with IL&FS Investment Managers to launch a INR300 crore ($64 million) fund for one of its Nepean Sea Road projects, coming months after the private equity firm participated in an INR165 crore ($35.3 million) investment round for the company to build sites around Mumbai.
According to earlier reports, Orbit received funding from IL&FS in January through the sale of a 21.6% stake in its Mandhwa project. IIRF India Realty X and Moltana Holdings also financed Orbit Corporation...
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