Gurgaon based - M3M India raises Rs 1,250 crore from Indiabulls Housing Finance...
07 Jun 2016 Published by Rahul Verma 490 Views

Challenging the tides: (L) Pankaj Bansal, Director and (R) Basant Bansal, Chairman, M3M IndiaReal estate developer M3M India has raised Rs 1,250 crore from Indiabulls Housing Finance. The company used Rs 700 crore of this fund to pay the installment to Sahara group, concluding a deal to acquire 185 acres of land in Gurgaon for Rs 1,211 crore, according to ET.The company M3M will utilize Rs 550 crore to repay debt and for other corporate usage and buying new land, says report. The money has..

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