Housing Development Finance Corporation Ltd (HDFC.BO)
5 Feb 2016
NEW DELHI A new private equity fund of Indian mortgage lender Housing Development Finance Corp will target raising $500 million from offshore investors for domestic property projects, including in warehousing and logistics, a senior company executive said.
* India warehousing supply to double to 200 mln sq ft by 2020-JLL
** Housing Development Finance Corp Ltd shares fall as much as 1 pct
MUMBAI Munich Re's insurance unit Ergo has agreed to buy nearly 23 percent more in its India joint venture with Housing Development Finance Corp for 11.22 billion rupees ($169.03 million), in the latest deal in India's insurance sector after foreign ownership rules were eased this year.
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