HSBC raises $1.5 billion; plans to invest $600 million in Indian realty

17 Nov 2007

1
Mumbai: Hongkong and Shanghai Banking Corporation which recently
raised $1.5 billion, plans to invest 40 per cent of that (nearly $600 million) in Indian
realty, reports citing company officials said.

This is in addition to its growth fund investments of about $600 million in India, a report quoted Naina Lal Kidwai, HSBC India''s country head, as saying.

Private equity firms like The Carlyle Group, JP Morgan Chase & Co, and the private equity arms of Citigroup and Morgan Stanley have started investing in Indian property in a big way since the easing of investment rules in 2005.

Kidwai also said the bank was in talks to lend $500 million to Wipro Ltd, India''s third-biggest software services exporter, the report added.

Business History Videos

History of hovercraft Part 3 | Industry study | Business History

History of hovercraft Part 3...

Today I shall talk a bit more about the military plans for ...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of hovercraft Part 2 | Industry study | Business History

History of hovercraft Part 2...

In this episode of our history of hovercraft, we shall exam...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Hovercraft Part 1 | Industry study | Business History

History of Hovercraft Part 1...

If you’ve been a James Bond movie fan, you may recall seein...

By Kiron Kasbekar | Presenter: Kiron Kasbekar

History of Trams in India | Industry study | Business History

History of Trams in India | ...

The video I am presenting to you is based on a script writt...

By Aniket Gupta | Presenter: Sheetal Gaikwad

view more
View details about the software product Informachine News Trackers