KKR India Asset Finance, the realty-focused investment unit of global PE Firm KKR & Co. have invested INR 500 crores (USD 82 million) in a township project of the Bangalore-based Bhartiya City Developers Group by extending a term loan facility, as reported by Mint.

AZB & Partners advised KKR India Asset Finance & KKR India Financial Services on the transaction led by partners Sai Krishna Bharathan and Sugandha Asthana along with associates Chinmaya Gajaria and Tvisha Sharma.

Established in 2014, KKR India Asset Finance also invested Rs. 200 crores in Signature Global’s affordable housing project in Gurugram and Rs. 300 crores in three projects of Chennai-based Prince Foundations along with Bharatiya City Developers, making a total infusion of Rs.1,000 crores in the three real estate projects.

2017-03-24

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