Non-banking finance company
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 »
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 »
The market for the luxury homes seems to be picking up as Mumbai-based developer Wadhwa Group has launched its luxury homes project in suburban Ghatkopar where apartments cost Rs.1.7-10 crore. They have named this project ‘’ The Address’’ and are busy raising Rs 750 crore for the project. Kohlberg Kravis Roberts and Co. LP (KKR) [...] Continue Reading »
Abhinav Bhushan an investment banking chief of Essel Financial Services Ltd, a part of Subhash Chandra’s Essel Group has been appointed as the head of its real estate fund business which is prepared to raise a $200 million offshore fund. Essel Financial’s real estate fund business, has proposed to build a corpus of Rs.500 crore in 3-6 [...] Continue Reading »
