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Godrej family office to buy group realty fund business

In another deal, Anuj Puri is in talks to take over JLL's Rs 500-crore asset management arm

Raghavendra Kamath  |  Mumbai 

The Godrej family office is taking over the fund management company set up last year by Godrej Properties. A source in the know said the group, led by Adi Godrej, wanted it to operate as a full-fledged fund management business where it could invest in projects of other developers. “The group feels the fund management arm can stand on its own,” the source said. The deal value could not be ascertained. Godrej Fund Management raised $275 million (Rs 1,900 crore) from international investors last year to invest in the property developments of Godrej Properties. Dutch ...

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First Published: Thu, June 01 2017. 00:55 IST
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