Mumbai: Dubai-based Relam Investment LLC plans to begin its India journey with an initial investment of around $250 million (Rs16,800 crore) in real estate and technology start-ups, a top executive said. Relam Investment is an equal joint venture, or JV, of Dubai’s Vault Investments LLC and Vietnam’s MIG Holding. Apart from investing on its own, Relam Investment will also explore co-investment opportunities with strategic and financial partners, Lootah said. Relam Investment will also be looking to form a joint venture with an Indian company for investment purposes. Currently, Relam Investment is setting up its India team headed by Rajesh Gunani, one of its directors.

Source: Mint May 09, 2018 05:26 UTC