The new wave of launches in the affordable housing segment is attracting the attention of private equity (PE) players, which had for more than a year shunned the real estate sector struggling with diminishing sales, tight credit and clouded economic forecasts.
Although PE firms are yet to strike any fresh deal in the realty space, which hit a downturn last year, funds such as Red Fort Capital Advisors and Kotak Realty Fund are scouting for opportunities in low-cost and mid-income housing projects.
Source: The Economic Times
Funding the merger not a major issue: Bharti
Bharti Airtel on Tuesday said that funding the proposed merger with South African telecom major MTN was not a major issue. The last time the company had initiated talks with MTN in 2008, it had received offers from various banks for funding up to $60 billion.
According to analysts, this time Bharti would need a total of $6 billion to fund the new deal being discussed by the two companies. Of this, the Indian company may have to raise debt of $3-4 billion if the merger talks with MTN Group succeed.
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