India: Realty firm Skylark Mansions raises $16.3m debt from Xander Finance

India: Realty firm Skylark Mansions raises $16.3m debt from Xander Finance

Photo: Mint

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.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter