Property developer RMZ seeks $500-M from Bain Capital

Bengaluru-based RMZ is in talks to raise USD 500-M from Bain Capital. The transaction is structured to include an element of convertible equity.RMZ is a property developer with a portfolio that includes office parks, mixed-use developments, and logistics assets. The company is backed by the Canada Pension Plan Investment Board (CPPIB).The company plans to use the new funds to finance its expansion in commercial real estate, specifically for the development of data centres.