Shapoorji Pallonji group unit raises Rs.105-Cr from Nisus BCD Fund

Real estate credit fund Nisus Finance, along with its sponsor and strategic partner BCD Group, has invested over INR 105 crore in Shapoorji Pallonji Real Estate’s wholly-owned subsidiary Suvita Real Estate, through senior secured listed non-convertible debentures (NCD).The investment will be used towards purchasing a land parcel of 12.16 acres in Manjari-Budruk locality of Pune.