Alliance raises Rs.200 crore from Reliance, Indostar

Sarkaritel
By Sarkaritel January 22, 2015 10:59

Alliance raises Rs.200 crore from Reliance, Indostar


Chennai, Jan 22  Bengaluru-based real estate group Alliance Wednesday said it has secured debt funding of Rs.200 crore from Reliance Capital and Indostar Capital Finance Ltd.

In a statement here, Alliance group said it has secured Rs.200 crore by way of non-convertible debentures from Indostar Capital Finance and Reliance Capital for its expansion plans.

According to the statement, Alliance Group is developing different projects totalling 10.4 million sq.ft. here and is working towards becoming the largest developer in the city by 2016.

Sarkaritel
By Sarkaritel January 22, 2015 10:59