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India's Shubham Housing raises $118m led by Multiples PE

India's Shubham Housing raises $118m led by Multiples PE

A cyclist rides across a clearing near residential buildings at an Amrapali Group development in Noida, Uttar Pradesh, India, on Saturday, Jan. 20. 2018. Photographer: Anindito Mukherjee/Bloomberg

Shubham Housing Development Finance Co. Ltd, backed by billionaire Azim Premji’s investment firm PremjiInvest, on Tuesday, said it has raised over Rs 1,000 crore ($117.8 million) in a Series F round of funding led by Multiples Private Equity for a significant minority stake in the firm.

Edited by: Pramod Mathew

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