Altico invests Rs 575 cr across 3 deals

April 07, 2016

Altico Capital India Pvt. Ltd, the non-banking financial company of Asia-focused investor Clearwater Capital Partners LLC, has invested about ` 575 crore across three projects in Mumbai, Pune and Bengaluru, the company said on Wednesday. Altico has entered into a multi-project financing arrangement with Marvel Developers in Pune, concluded its second transaction with Midcity Infrastructure Pvt Ltd in Mumbai and has financed Bengalurubased Unishire Urbanscape Pvt Ltd against a portfolio of five projects. “Altico continues to focus on its core strategy and looks to build a stable business deploying ` 2,500 crore in Tier 1 cities each year. We expect to close out similar amounts of disbursements of around ` 600 crore in this upcoming quarter,” said Sanjay Grewal, chief executive, Altico Capital.

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