Birla Estates raises Rs 420 crore from IFC to finance two projects in Mumbai, Pune

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MUMBAI: Real estate company Birla Estates has raised Rs 420 crore from International Finance Corporation (IFC) to finance its two projects in Mumbai Metropolitan Region and Pune.

Birla Estates Pvt Ltd is a wholly-owned subsidiary of Aditya Birla Real Estate Ltd (formerly Century Textiles and Industries Ltd).

In a regulatory filing on Monday, the company announced signing of agreements for an investment from IFC, a member of the World Bank Group.

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