DHFL to raise $50 Million this fiscal
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DHFL to raise $50 Million this fiscal
Bangalore: DHFL Venture Capital, an advisory, management and consultancy service provider, is all set to raise Rs 250 crore ($50 million) in the current fiscal domestically to fund real estate projects in Tier-II and Tier-III cities. "We will raise Rs 250 crore in this fiscal which will be deployed in real estate projects in Tier-II and Tier-III cities," says Kapil Wadhawan, the Vice-Chairman and Managing Director at DHFL. He also said that the fund would be raised from financial institutions and High Networth Individuals (HNIs) domestically. DHFL Venture Capital had raised Rs 100 crore for the first time in 2006, domestically from financial institutions and banks and the fund performed well with over 35 percent Rate of Return (ROR).

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