News: L&FS raises $340 mn from realty fund
(PTI 18/04/2006) Mumbai - IL&FS Investment Managers Ltd on Monday said it has raised $340 million through its realty fund being offered to foreign investors.
With this, the company has achieved the initial closing for foreign investors to its realty fund and the total size of the fund stands at around $405 million.
The company would seek further commitments from international investors and expects to achieve a final closing in the next six months, IL&FS informed the Bombay Stock Exchange.
IL&FS has also declared a dividend of Rs 3.50 per share of Rs 10 each (35%), it added.
With this, the company has achieved the initial closing for foreign investors to its realty fund and the total size of the fund stands at around $405 million.
The company would seek further commitments from international investors and expects to achieve a final closing in the next six months, IL&FS informed the Bombay Stock Exchange.
IL&FS has also declared a dividend of Rs 3.50 per share of Rs 10 each (35%), it added.
posted by InCar Group Press Room at 17:12
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