Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.
Warehouse developer Avigna to float Rs.1,000-Cr AIF
Bengaluru-based warehouse developer Avigna plans to raise INR 1,000 crore through an alternative investment fund (AIF), Avigna Atlas Fund. The AIF will include an additional green-shoe option of INR 500 crore.The fund will buy only stabilised assets. This approach is expected to enable Avigna to leverage its completed warehousing rural assets and generate substantial funds for business operations.Separately, an AIF managed by Avigna Industrial & Logistics Park is planning to acquire under-construction and leased warehousing projects from other developers.
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Venture Intelligence (TSJ Media Pvt. Ltd.)
1, Maharani Chinnamba Road; Alwarpet; Chennai - 600018. India.