Property developer Modern India today said it is in talks with two-three private equity (PE) firms to raise Rs 100 crore for its proposed Rs 675 crore IT SEZ at Khapoli in Mumbai.
We are in discussion with 2-3 PE firms to raise upto Rs 100 crore, Modern India Chairman and Managing Director Vijay Jatia told PTI here.
The proposed SEZ, to come up on 43 acres of land, has received nod from the Board of Approval but is awaiting notification.
We have already acquired 36 acres of land and is in the process of acquiring additional 6-7 acres for which we have already started discussions, Jatia said.
More : business-standard.com
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