PE Firm PAG Extends $100 Million Debt to Kalpataru's 2 Realty Projects
Global alternative investment firm PAG has entered into an agreement to extend debt worth $100 million or over Rs 743 crore to two projects of realty developer Kalpataru. One of these projects is a mixed-use development with residential and commercial components in Thane, while the other project is residential development in Mulund suburb of Mumbai. Both the developments including the first phase of Thane project have a total 1.8 million sq ft saleable area. Part of the funds to be received from PAG will be used for repayment of an existing loan and the balance amount will be utilised to support completion of both the projects.
Tags : News/Views Kalpataru Debt Realty Projects PAG Extends PE Firm