Morgan Stanley values Indian developer at $1.5 billion - Indian Real Estate Forum

19-01-07

Morgan Stanley has invested Rs6.75 billion ($152 million) for around a 10% stake in Indian real-estate developer Oberoi Constructions. This is the largest disclosed private-equity investment in India’s real-estate sector to date and one of Morgan Stanley's special situations unit's largest equity investments in the real-estate space globally.

Indian media had been speculating that sell-side advisor, Kotak Investment Bank, valued Oberoi Constructions at higher than $1 billion, pre-money. Sources close to the deal say Morgan Stanley has acquired around a 10% stake, suggesting the final valuation agreed, post-money is in the region of $1.5 billion.

Source:FinanceAsia.com

19-01-07	#1
amitroy Unregistered User Posts: n/a	Morgan Stanley values Indian developer at $1.5 billion Morgan Stanley has invested Rs6.75 billion ($152 million) for around a 10% stake in Indian real-estate developer Oberoi Constructions. This is the largest disclosed private-equity investment in India’s real-estate sector to date and one of Morgan Stanley's special situations unit's largest equity investments in the real-estate space globally. Indian media had been speculating that sell-side advisor, Kotak Investment Bank, valued Oberoi Constructions at higher than $1 billion, pre-money. Sources close to the deal say Morgan Stanley has acquired around a 10% stake, suggesting the final valuation agreed, post-money is in the region of $1.5 billion. Source:FinanceAsia.com

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