Edelweiss Financial makes Rs.175-Cr exit from Paradigm Realty’s Andheri project

Mumbai based Real Estate player Paradigm Realty has repaid debt worth INR 175 crore to Edelweiss Financial Services two quarters ahead of schedule. The debt was raised two years ago to fund the residential phase of 102 Downtown.Edelweiss Financial Services has secured a cumulative 18-19% Internal Rate of Return (IRR) on the investment, which included quarterly coupon payments.