India: NBFC Altico Capital invests $87m in three realty projects; Hiranandani starts restructuring holding co with Powai office assets

India: NBFC Altico Capital invests $87m in three realty projects; Hiranandani starts restructuring holding co with Powai office assets

Photo: Abhijit Bhatlekar/Mint

Altico Capital has invested Rs 575 crore (around $87 million) in three structured debt transactions with builders in Mumbai, Pune and Bengaluru. The three transactions were closed last week, said the non-banking finance, which is backed by Clearwater Capital Partners, Varde Partners and Abu Dhabi Investment Council.

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