Venture Intelligence (TSJ Media Pvt. Ltd.)
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Realty-focused Mt. K Kapital raises Rs.350-Cr as first close from SBI, Famy Care, others
Real estate-focused fund management company Mt. K Kapital has raised over INR 350 crore through the initial close of its residential development fund from anchor investors State Bank of India (SBI), pharmaceutical major Famy Care, realtor Rustomjee Group, family offices and high-net-worth individuals (HNIs). Around 50% of the funds raised are already in the process of being deployed towards three identified redevelopment projects in the Mumbai Metropolitan Region (MMR). These include two projects in Mumbai's Bandra and Andheri, with saleable areas ranging between 50,000 and 100,000 sq ft each. The fund aims to invest in 8-10 projects in the Mumbai, with a focus on redevelopment, with Rustomjee Group as its development partner. Anarock Capital advised the fund raising.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.