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LIC Plans Real Estate Focused Venture Capital Fund
| June 22, 2009 |  (Be the first to rate this story!) Loading ... |
Mortgage lender LIC Housing Finance plans to launch its real estate-focused venture capital fund along with its parent Life Insurance Corp of India by September-end, its top official said on Monday.
“We are looking for another partner. Talks are on,” Director and Chief Executive R.R. Nair said. The real estate venture capital fund would have an initial corpus of 5 billion rupees, he said. The fund would be initially looking at financing real estate projects in India, Nair added. At 11.41 a.m., shares in LIC Housing Finance were up 0.47 percent at 583.10 rupees in the Mumbai market.
News Published Under: Real Estate India, Real Estate Developers |
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