International hedge fund D E Shaw Composite Investments (Mauritius) has invested $250 million (approximately Rs 1,000 crore) in Mack Star Marketing - a group company of Mumbai-based real estate firm HDIL.
Mack Star Marketing is developing a commercial complex of about 54,000 sq. mtrs. (built up) in Andheri, Mumbai. The development rights were granted by HDIL.
HDIL, earlier this year, had bagged a rehabilitation project from the Maharashtra government covering over 276 acre around the Mumbai airport.
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