Venture Intelligence (TSJ Media Pvt. Ltd.)
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Toro Investment plans GIFT City's maiden realty fund; targets Rs.1,600-Cr corpus
Financial services company Toro Investment Managers is looking to raise a real estate Alternative Investment Fund (AIF) amounting to INR 1,600 crore, marking the maiden fund of its kind to be established within the Special Economic Zone of India's offshore hub, Gujarat International Finance Tec-City (GIFT City). The dollar-denominated fund will have a tenure of seven years and two extensions of two years each. The corpus targeted at INR 1,600 crores includes a greenshoe option of INR 800 crore. The fund expects commitments from institutional investors, family offices, high networth individuals (HNIs), and non-resident Indians (NRIs). The fund will be deployed across commercial, residential properties and social infrastructure segments.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.