Citigroup secures $326 billion US government support, impacting global markets and leading to changes within its Indian operations.
The Indian real estate sector faces significant valuation declines, with firms trading at steep discounts to their net asset values amid global economic turmoil.
Citigroup, Merrill Lynch, and DE Shaw are set to invest $500 million in DLF Assets' REIT, which will now be a private trust following a change in plans due to market conditions.
DLF Limited may delay its Singapore IPO for a real estate investment trust, likely opting for a $500 million private placement instead, due to market volatility.
Indiabulls Real Estate will acquire Dev Property in a £138 million share-swap deal, expanding its presence in the booming Indian real estate market.