Tag: Spv

QVC Realty To Raise Funds For Spreading Out In South

September 25, 2008 – 12:25 am

Real estate developer QVC Realty plans to raise Rs 600 crore in 2009 through a mix of equity and debt, primarily to buy large tracts of land in the south, especially closer to the new airports in Bangalore and Hyderabad. According to a senior official of the IL and FS backed QVC, it plans to […]

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JP Morgan Chase Buys 33% In Alok Infra’s SPV

July 23, 2008 – 7:10 am

Global financial giant JP Morgan Chase is investing Rs 130 crore for 33% stake in an SPV of realty firm Alok Infrastructure, a wholly-owned subsidiary of Mumbai-based textile maker and retailer Alok Industries, according to banking sources. Alok Infrastructure’s SPV, which is receiving the JP Morgan funding, will develop a realty project at a prime […]

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Slowdown Of Real Estate Affects Loan Industry

July 7, 2008 – 2:33 am

The slowdown in the real estate sector has started impacting the securitization of loans to the industry. The demand for such securities has dried up as debt mutual funds turn wary and cut exposure to these securities, considered the most illiquid of tradable papers. The market for loan securitization was Rs 31,000 crore, of which […]

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Emaar’s Three SPVs.

May 2, 2008 – 7:21 am

Goldman Sachs, Deutsche Bank and another financial investor are thinking to make a shared investment of eight hundred million dollar in three special purpose vehicles being created by real estate major Emaar MGF. Each SPV will have one financial investor. Delhi-based developer is in advanced talks with private equity players and is likely to close […]

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