Polestar advises on INR 11.6 bn of financing to the largest listed Real Estate conglomerate.
Polestar acted as an Advisor to a Real Estate Developer in securing INR 11.6 bn through unsecured, non-bankable, listed NCD.
Few highlights:
- The client is a large, publicly traded conglomerate with a diversified portfolio encompassing FMCG, furniture, security, and real estate sectors.
- The company sought to raise funds for land acquisitions, existing debt repayment, and general corporate purposes.
- Polestar successfully advised the client on securing unsecured, non-bankable funding of INR 11.6 bn from mutual funds and insurance companies. The funds were raised through NCDs listed on the stock exchange.
