Other Private Equity/Strategic Investments
Realty player Ambuja Neotia Group to raise institutional investment post restructuring
Kolkata-based Ambuja Neotia Group is undergoing an internal restructuring and consolidation of its business entities to create a corporate structure suitable for receiving institutional capital. The reorganisation process is expected to be completed within six to nine months.Founded in 1993 by Harshavardhan Neotia, Ambuja Neotia annually invests approximately INR 2,000 crore into its developments. It currently plans to launch three projects during the ongoing financial year, representing a total development of 3-4 million sq ft, which will be executed in phases across Kolkata and Siliguri.
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