Goldman invests $150m in Indian property developer

The US bank is betting on the government’s efforts to kick-start consumption.

Goldman invests $150m in Indian property developer
New dawn for Indian developers?

Goldman Sachs said it is set to acquire a minority stake in Piramal Realty for $150 million Rs900 crore to help fund the Indian developer’s expansion in Mumbai.

This latest investment amplifies the Wall Street bank’s bet on India. Since 2006, Goldman has deployed more than $2.5 billion in India across different sectors. 

The government's focus on simplifying regulation and boosting economic growth will kick start investment and consumption,” said...

To continue reading, please login or register for free

Print Edition

FinanceAsia Print Edition

CONFERENCES