Date:23/08/2008 URL: http://www.thehindu.com/2008/08/23/stories/2008082355961600.htm

Business - Briefly

German firm to invest euro 200 m in Phoenix Mills

MUMBAI: Real estate firm Phoenix Mills on Friday said MPC Synergy, a Germany-based private equity firm, will be investing up to 200 million euro (about Rs. 1,300 crore) in various special purpose vehicles of the group. The investment of up to 200 million euro would be at the special purpose vehicle (SPV) level of the Phoenix Mills group as well as the EWDPL group, wherein the company holds about 42 per cent stake.