Xander group invests in Kapstone constructions
The private equity real estate arm of the global investment firm Xander Group has invested Rs 370 crore in Kapstone Constructions. It is the It is the group company of Mumbai-based developer Rustomjee. The money raised will be used for reducing debt burden and for further growth of the Rustomjee group.
Boman Irani, Chairman, Rustomjee, says that Xander group’s extensive industry knowledge and global experience will add significant value to our company, this being the fifth private equity investment in the company. Rohan Sikri, Partner, Xander Investment Management points out that the group is interested in the Indian real estate market for well-positioned projects with quality partners. He adds that Rustomjee is in a good position to capitalise on their development expertise across townships, premium residential projects and redevelopment schemes in Greater Mumbai. A global investment firm, Xander Group, is focused on the infrastructure, hospitality, retail and real estate markets.
Source: Hindu Business Line
Investment, investment management, kapstone, PE, Private Equity, Realty News, rustonjee, Xander group
