Asipac investment banking for real estate

Bangalore, Mar 4: Asipac, real estate development services and project market company, today announced that it was creating new strategic business units to offer investments banking and asset management service as well as procurement services for the real estate sector.

Chairman Amit Bagaria told reporters here today that in the last 18 months, the company has helped developers to raise Rs 6290 million equity funding without a dedicated team and ''now we are creating a strategy business unit with a President and a team of four to begin with.'' We have set a target to achieve Rs 16 billion in three years in the new business,'' he added.

UNI