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NIPF NS - Nippon Life India Asset Management Ltd Key Developments
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Jain Housing raises Rs 175 crore from Nippon Life and Apollo Global
Jain Housing raises Rs 175 crore from Nippon Life and Apollo Global
Chennai, Jan 3: Noted realtor Jain Housing has raised funds of Rs 175 crore from Nippon Life Asset Management Ltd and Apollo Global Management for about Rs 175 crore in two tranches, a top official said.
The funds would be utilised to reduce the city-based company’s existing debts, joint managing director Sreyansh Mehta said.
According to him, the company has about 19-20 ongoing housing projects across various cities in the country.
“The funds will be utilised to reduce the existing debts. It’s about Rs 462 crore…We are having ongoing projects at various cities like Chennai, Hyderabad, Tiruppur, Coimbatore..”, he said.