Private Equity

PE-RE Fund Investments

Experion to invest Rs.450-Cr in distressed developer Dignity Buildcon

Economic Times  

Singapore-based real estate-focused fund Experion will invest INR 450 crore in Dignity Buildcon - a company engaged in developing commercial towers on Golf Course Extension Road of Gurugram. The offer will result in a 50% recovery for the distressed developer's lenders. Among Dignity's major lenders, Standard Chartered had the highest share of the debt at 49.8%, Alchemist ARC had 35.36%, while three Blackstone Group real estate funds (under BREP Asia) held 10.16%.