Bangalore Feb.15 The city-based real estate developer DivyaSree Developers Pvt Ltd has received $100 million from TPG-Axon Capital, a global investment firm managing over $7 billion in capital, to pick up a minority stake in the company.

According to a company release, the funding of TPG-Axon will be utilised towards accelerating the development of DivyaSree's current land holdings and acquiring new land parcels under different asset classes across India.

DivyaSree has completed over 4.5 million sq.ft in Bangalore and Hyderabad.  this is the Second Largest Deal in Indian Real Estate.