Eden Realty to launch $500-milion infrastructure fund
Kolkata: a Kolkata-based real estate developer, Eden Realty Ventures, plans to launch a $100-500-million India-focused infrastructure fund by the end of the current calendar year. Since the company is based in Kolkata, the thrust (of the fund) is likely to be in infrastructure and realty projects in and around Kolkata. However it will be an India-focused fund. Besides investing in projects promoted by Eden Realty Ventures, the fund will also invest in projects of other real estate developers.

While Eden Realty Ventures will be the principal promoter of the proposed fund, the company expects foreign investors, including global real estate players, to invest in the fund.
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DLF issue subscribed 3.45 times
Mumbai: The initial public offering of DLF Ltd was subscribed 3.45 times on the BSE and NSE at 6 p.m. Most bids were received at the lower end of the price band of Rs500-Rs550. Over 60 crore bids were received against the issue size of 17.5 crore shares while 4,51,18,380 bids were received at the cut-off price. The issue would constitute 10.27 per cent of the fully diluted post-issue capital of the company.
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