Investment bank Goldman Sachs will invest $150 million for a minority stake in Piramal Realty, the Mumbai-based real-estate developer said on Monday.
It did not disclose the size of the deal.
Piramal Realty will use the money to expand its real-estate portfolio and buy prime properties in and around Mumbai, it said in a statement.
In July, a unit of private-equity firm Warburg Pincus LLC invested $284 million for a minority stake in Piramal Realty.
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