16.06.2009 - India: Will funds from QIBs end cash-crunched developers’ troubles?
From Expressestates.in: Developers suffering from the cash crunch are raising funds by various means including issuance of further securities to people other than the existing equity shareholders of the company and also by way of qualified institutional placement (QIP) to qualified institutional buyers (QIBs). The scenario of raising funds through this route is taking toll these days, today many Indian realtors are collectively raising more than Rs 25,000 crore to fund their plans.......Full Article: Source
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