DE Shaw to invest $250 million in HDIL Group Company
Written by on February 28th, 2008 in Real Estate.
DE Shaw to invest $250 million in HDIL Group Company February 28, 2008 – 11:41 pm Real estate firm Housing Development & Infrastructure (HDIL) on Wednesday said the private equity firm DE Shaw is investing $250 million in Mack Star Marketing, an HDIL group company. Mack Star Marketing holds development rights for a 54,000-metre commercial complex being constructed in Andheri. Last week, HDIL had transferred its development rights to this complex to Mack Star for Rs 900 crore. DE Shaw’s i