PE-RE Fund Investments
TVS Emerald attracts Rs.425-Cr in equity investment from IFC for 2 projects
Investor Disclosure Business Standard
Chennai-headquartered TVS Emerald , a real estate developer, has received INR 425 crore in equity investment from the International Finance Corporation (IFC).The investment will be used to develop two residential projects set to be launched in FY27 - Pallavaram-Thoraipakkam Radial Road (PTR) in Chennai, with an investment of INR 136 crore, and Sathanur in Bengaluru, with an investment of INR 103 crore. The rest will be earmarked for additional residential projects to be launched over the next two years.Together, these two projects represent an estimated combined top-line potential of about INR 4,400 crore, comprising around INR 1,600 crore from the Sathanur project and INR 2,800 crore from the PTR project.
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