Omkar and L&T Realty received Rs.300 Crore funding

Omkar Realtors and Developers and L&T Realty Ltd has received Rs.300 crore in funding from Indostar Capital Finance Pvt. Ltd, a non-banking financial company.

The 17-acre, redevelopment project in central Mumbai’s Parel area, called Crescent Bay, is a joint venture between the two firms and was launched recently. It has two-, three- and four-bedroom apartments.

This is a debt deal in the form of NCDs (non-convertible debentures).

Source:livemint