Altico Capital invests Rs.200 cr. in Legacy group

August 19, 2016 12:00 am | Updated 06:10 am IST - NEW DELHI:

Altico Capital said on Thursday it had invested Rs. 200 crore in real estate firm Legacy Group. “Altico Capital has entered into a portfolio based funding with Bangalore-based real estate developer Legacy Group,” the company said in a statement. The portfolio includes several projects spread across Central and North Bengaluru, at various stages of execution, including those at late-stage nearing completion, providing multiple and diversified sources of cash flows for debt servicing. The funding would be made in tranches and is proposed to be used by the developer towards re-financing existing debt and for construction funding across projects. — PTI

Top News Today


Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.

We have migrated to a new commenting platform. If you are already a registered user of The Hindu and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.