Kolkata: Infinite India, a real estate fund co-promoted by JM Financial Ltd, will invest $50 million in unlisted Shrachi Developers Ltd, a senior JM official said on Friday.
The investment will be utilised in residential and commercial real estate development in eastern India, Vishal Kampani, director, Infinite India, said.
"We want to capitalise on the real estate development in eastern India," he said.
Infinite India has already committed investments worth $200 million in various projects in Mumbai, Chennai, Bangalore and Delhi, Kampani said.
Shares in JM Financial ended 0.89 per cent down at Rs 1,700 in the Mumbai market.
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