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.
India: Real estate player VBHC may raise $20m from Tano Capital, Ambit to fund ongoing and new projects
Ambit Corporate Finance Pvt. Ltd Caspian Investment Advisors CBRE South Asia Pvt. Ltd Confederation of Real Estate Developers’ Associations of India Cushman and Wakefield HDFC Bank Ltd. International Finance Corp. (IFC) Mahindra Lifespace Developers Ltd Mphasis Corp Registrar of Companies (RoC) Shapoorji Pallonji Real Estate The Carlyle Group VBHC Value Homes Pvt. Ltd