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“India Fund” to raise US$1-billion for real-estate investments

Mainstreet's annual general meeting was held this week.

In just seven years,  Mainstreet Equity Corp., which is listed on the Toronto Stock Exchange, has reached a market cap of $350-million and $600- million in assets. Dhillon started with $17-million in personal assets and has expanded the company without equity dilution. Its stock has been a star performer for two years and some investment analysts say it is headed higher.et's annual general meeting was held this week.

Mr. Dhillon's younger brother went to university in the United States and is now an investment banker in San Francisco. Mr. Dhillon went east to the University of Western Ontario and is settled in Calgary. The two brothers are close and are about to launch an “India Fund” that hopes to raise US$1-billion for real-estate investments. His brother is also on Mainstreet's board of directors.

Source : National Post

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