Real Estate

Shapoorji Real Estate Arm Enters Rs 750-crore Debt Financing Deal | Business Standard News

by business-standard.com posted 12months ago 61 views
According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent. : Shapoorji Pallonji Real Estate (SPRE) has raised $100 million (around Rs 750 crore) from non-banking finance company Asia Pragati, people with knowledge of the matter said. This is one of the biggest debt financing deals in real estate this year. According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent. The NBFC normally takes two times cover on its loans to developers, sources said.

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