Carlyle-backed VBHC looking to raise Rs 2.5 bn to fund new projects

Jerry Rao’s budget housing developer VBHC is looking to raise Rs 2.50 billion from investors, including private equity funds to fund its new projects. “We are in the process of mobilising structured debt and equity for our new projects. We have a couple of proposals from investors and are negotiating the terms,” said VBHC CEO Ram Walase. VBHC is looking to launch four projects of 500,000 square feet each in Mumbai Metropolitan Region, Bengaluru and Pune. In Bengaluru, the new projects would be in Whitefield and Kengeri, in MMR it would be at God-bunder Road (Thane.....

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