Delhi-based realty firm Vatika raises Rs 1,000crBS Reporter / New Delhi/Mumbai November 29, 2007Vatika Group, a Delhi-based realty firm, has divested 10.75% to raise $250 million (Rs 1,000 crore) from Wachovia Bank, Baer Capital and Goldman Sachs. This takes the valuation of Vatika to Rs 9,300 crore.The disbursement of funds has already commenced and the complete infusion will be completed by the end of the first quarter of 2008."The present infusion of funding into the company will help us in adding value to our existing projects, further consolidation of our land banks and acquisition of new projects at other locations in the country," said Gaurav Bhalla, director, Vatika Group.The group
