Monday, March 03, 2008

Cashing out of his real estate holdings by Pallonji Mistry

India real estate Private Equity players
Dec. 18--MUMBAI, India -- Owned by one of India's richest construction tycoons, Pallonji Mistry, the Shapoorji Pallonji group is close to cementing a deal in its real estate business. A clutch of international investors including the Government of Singapore Investment Corporation and Citigroup are investing $320 million for a 15 percent stake in the group's realty business.