Citigroup
Famed realty developer, the Lodha group has repaid the debt it took in early 2012. The debt was taken by issuing Non-Convertible Debentures (NCDs) in the early 2012. Many retail investors and large institutions including Citigroup, Kotak Mahindra Bank and Deutsche Bank formed a consortium to invest in these privately-placed debentures. Abhinandan Lodha, deputy Managing [...] Continue Reading »
DMI Finance is in the process of raising 1,000 crore to invest in the real estate sector. The company was founded by the former Citigroup employees Shivashish Chatterjee and Yuvraj C Singh. The company will target an equity and debt corpus of 500 crore each and it will target over 20% internal rate of return, [...] Continue Reading »
Eight Indian companies have made it to Fortune magazine‘s 2012 list of world’s 500 largest companies with Indian Oil and Reliance Industries finding a place in the top 100. With an annual revenue of $86,016 million, Indian Oil has cornered the 83rd spot up from 98th place last year. Mukesh Ambani-led Reliance Industries is the [...] Continue Reading »
