India: Real estate player VBHC may raise $20m from Tano Capital, Ambit to fund ongoing and new projects

VBHC Value Homes Pvt. Ltd (VBHC) is raising almost $20 million (approximately Rs.133 crore) from private equity (PE) fund Tano Capital and Ambit Corporate Finance Pvt. Ltd, two people aware of the development said. The deal values the firm—co-founded by Jerry Rao, founder of software services firm Mphasis Corp.—at close to Rs.700 crore, they said.