Century Real Estate Holdings, the holding company of the Century Group has raised Rs.100 crore ($18.86 million) from JM Financial Ltd’s non-banking financial company (NBFC)..Amarchand Mangaldas advised JM Financial with a team led by Partner Ashish Jejurkar..The Bangalore office of Wadia Ghandy & Co. advised Century with a team led by Partner Ankit Majumdar..Century Group is one of the largest real estate development group based in Bangalore. According to Livemint, the Bangalore-based developer and land aggregator will use the capital from JM, raised through a non-convertible debenture (NCD) issue, largely for the pre-development of three land parcels in the city that it is readying for launch..With this tranche, Century Real Estate has raised about Rs.370 crore from private equity (PE) funds and NBFCs in the past year. It has raised Rs.100 crore from Kotak Mahindra Bank Ltd’s NBFC and Rs.170 crore from Kotak Realty Fund..Century is in talks with Morgan Stanley Real Estate Investing for an investment of Rs.200 crore against specific cash flow as collateral
Century Real Estate Holdings, the holding company of the Century Group has raised Rs.100 crore ($18.86 million) from JM Financial Ltd’s non-banking financial company (NBFC)..Amarchand Mangaldas advised JM Financial with a team led by Partner Ashish Jejurkar..The Bangalore office of Wadia Ghandy & Co. advised Century with a team led by Partner Ankit Majumdar..Century Group is one of the largest real estate development group based in Bangalore. According to Livemint, the Bangalore-based developer and land aggregator will use the capital from JM, raised through a non-convertible debenture (NCD) issue, largely for the pre-development of three land parcels in the city that it is readying for launch..With this tranche, Century Real Estate has raised about Rs.370 crore from private equity (PE) funds and NBFCs in the past year. It has raised Rs.100 crore from Kotak Mahindra Bank Ltd’s NBFC and Rs.170 crore from Kotak Realty Fund..Century is in talks with Morgan Stanley Real Estate Investing for an investment of Rs.200 crore against specific cash flow as collateral