Alok Industries is
likely to induct private equity (PE) players for its Peninsula project in the
Lower Parel suburb of Mumbai by end-2008.
The company is holding
talks with two to three PE firms and the final agreement is likely to be signed by
March. The PE investments will be around Rs.300 crore. Alok has tied up Rs.300
crore as debt for the project and has sought an additional Rs.500 crore from
banks.
Also See:
Alok Industries to
open 500 stores by FY10(24-Sep-08)