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Business Standard

Shapoorji real estate arm enters Rs 750-crore debt financing deal

According to sources, SPRE has gone for structured debt financing at a rate of around 20 per cent

Topics
Shapoorji Pallonji group | real estate companies | Real estate sector in India

Raghavendra Kamath  |  Mumbai 

construction, realty, real estate, concrete, cement, buildings, high rise
Consultants said this deal assumes significance given the overall liquidity squeeze faced by developers as well as NBFCs

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.

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Read our full coverage on Shapoorji Pallonji group

First Published: Fri, August 07 2020. 23:12 IST

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