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Alliance raises Rs.200 Crore from Reliance, Indostar

Posted on 22nd Jan 2015 04:17 pm by mohit kumar

Chennai, Jan 21 (IANS) Bengaluru-based real estate group Alliance Wednesday said it has secured debt funding of Rs.200 crore from Reliance Capital and Indostar Capital Finance Ltd.

In a statement here, Alliance group said it has secured Rs.200 crore by way of non-convertible debentures from Indostar Capital Finance and Reliance Capital for its expansion plans.

According to the statement, Alliance Group is developing different projects totalling 10.4 million sq.ft. here and is working towards becoming the largest developer in the city by 2016.

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