India's Nitesh Estates to raise $186m for commercial office portfolio

India's Nitesh Estates to raise $186m for commercial office portfolio

Traffic moves along a road in the southern Indian city of Bangalore. Photo: Reuters

Nitesh Estates Ltd plans to raise about ₹1,300 crore ($186.2 million) to build a commercial office portfolio even as it mulls exiting the residential business, the company’s top executive said.

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