Private Equity

PE-RE Fund Investments

Hong Kong’s SC Lowy invests Rs.375-Cr in Pune’s realty project, Srinagar-Banihal Expressway debt

Economic Times  

SC Lowy, a Hong Kong-based hedge fund, has made debt investments (via non-convertible debentures or NCDs) of INR 275 crore in Pune-based realtor Pharande Township and INR 100 crore in the Srinagar-Banihal Expressway. of the projects in the last week of March.While Pharande NCDs do not pay any interest up to June 30, 2024 and will pay 14% until maturity on March 31, 2026, Srinagar Banihal has offered 16% on the NCDs. The proceeds will be used for loan repayments and for working capital.