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NBFC

JM Financial, Vikram Pandit to invest to invest Rs 900 crore in real estate NBFC

JM Financial, Vikram Pandit to invest to invest Rs 900 crore in real estate NBFC
Vikram Pandit is planning to invest around Rs. 540 crore for a stake of 50% while an investment of Rs. 360 crore has to be funded for the venture. The former chief executive of Citigroup Vikram Pandit is planning to invest Rs. 900 crore in the real estate firms of the non-banking financial company NBFC. [...] Continue Reading »

NBFC closed three real estate investment projects in India

NBFC closed three real estate investment projects in India
India Infoline Finance Ltd, the non-banking finance company (NBFC) of financial services firm IIFL Holdings Ltd, has closed three back-to-back real estate investments in projects in Mumbai, said people familiar with the development. India Infoline Finance has put in around Rs 260 crore across these three deals primarily in the form of loans to developers, [...] Continue Reading »

PE funds are the choicest instruments for raising money for VGN Developers Pvt. Ltd

PE funds are the choicest instruments for raising money for VGN Developers Pvt. Ltd
Real estate firm VGN Developers Pvt. Ltd is looking to raise Rs.400 crore from private equity funds to refinance debts. Two bankers familiar with the development mentioned that they are in talks with large private equity funds to raise the capital. The re-financing option is good for them as the money will be used to retire [...] Continue Reading »

Investment in NFBC Infra bonds to prove profitable for the investors

Investment in NFBC Infra bonds to prove profitable for the investors
Rs. 550 crore is raised by India Infradebt and L&T Infrastructure Finance Co from the bond market which was the first such fundraising of its kind. These debt funds were conceived more than three years ago under the non-banking finance company (NBFC) structure to help banks by taking out infrastructure loans from them. ICICI Bank, Bank of [...] Continue Reading »

NBFC and PE merged- Piramal plays doctor

NBFC and PE merged- Piramal plays doctor
Dont jump up when you hear or read the news which would say NBFC and PE have merged, thanks to Piramal Capital. Piramal Capital has made the private equity domains an the non banking financial company, Indiareit and Piramal Finance join hands and called for an integrated vertical, now named Piramal Fund Management, says a [...] Continue Reading »

Axis introduces home loan scheme for people earning below Rs 10000

Axis introduces home loan scheme for people earning below Rs 10000
A senior bank official says that Axis Bank has launched a home loan scheme for the people whose per month income is less than Rs 10,000 per month. The bank is looking at disbursals of up to Rs 1,000 crore in a year’s time However these loans will have higher risk due to as the [...] Continue Reading »

Developers look at PE and NBFC to refinance

Developers look at PE and NBFC to refinance
Slow approvals and execution has caused project delays forcing real estate developers to raise capital from non-banking financial companies (NBFC) and private equity (PE) funds to refinance previous loans, repay banks or pave the way for exits by investors. PE funds and analysts point out that developers may not judged correctly on the time required [...] Continue Reading »

PE funds flow to luxury villa projects

PE funds flow to luxury villa projects
Luxury villa projects in the city are catching the attention of private-equity (PE) funds and non-banking financial institutions (NBFCs). The investors are also looking at exploring the option of backing luxury villa projects. Reliance Capital Ltd funded Rs.60 crore in an ongoing villa project of Skylark Mansion Pvt. Ltd in Whitefield, while Azure Capital Advisors [...] Continue Reading »

LIC Housing Finance plans disburse 10% loan to developers

LIC Housing Finance plans disburse 10% loan to developers
LIC Housing Finance, a subsidiary of Life Insurance Corporation of India (LIC), plans to disburse around 8-10 per cent of its total loan portfolio to developers by the end of this fiscal. Presently, around 6 per cent of the NBFC’s  total loan portfolio constitutes of developer loan. By the end of June quarter, LIC HF’s [...] Continue Reading »

Century Group gained a fortune from JM Financial Ltd

Century Group gained a fortune from JM Financial Ltd
A major venture has been witnessed in recent times. Century Real Estate Holdings, a branch of Century Group has gained a revenue of Rs 100 crore from non banking financial company (NBFC) of JM Financial Ltd. The real estate group is based in Bangalore and the capital will be used for development of three land [...] Continue Reading »



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