Clearwater-backed Altico Capital invests $75m in Indian realty firm Nirmal Group

Clearwater-backed Altico Capital invests $75m in Indian realty firm Nirmal Group

Altico Capital India Pvt. Ltd, a non-banking financial company (NBFC) backed by Asia-focused investor Clearwater Capital Partners LLC, has invested Rs500 crore in three residential projects of Mumbai-based Nirmal Group. The money will be used to refinance some loans and for construction.

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