Skylark Mansions raises Rs. 105 Crores from Xander Finance

Real estate developer Skylark Mansions Pvt. Ltd has raised Rs105 crore in structured debt from non-banking financial company (NBFC) Xander Finance Pvt. Ltd, primarily to give an exit to existing investor Motilal Oswal Real Estate in a housing project. The Bengaluru-based firm will also spend some of the money on the project Skylark Dasos on Hennur Road. Colliers International India’s Capital Markets & Investment Services (CMIS) team in Bengaluru has facilitated a successful completion of transaction between Skylark Mansions and Xander Finance. Colliers International was appointed as the sole advisor by Skylark for this transaction.