Dalmia Nisus Finance Investment Managers, a joint venture of Mumbai-based Nisus Finance and Dalmia Group, has exited two real estate projects within nine months of ..
Through its Real Estate Credit Opportunities Fund-I (RECOF-I), the fund had made the investment in projects Rumah Bali and Tokyo Bay located on Thane’s Ghodbunder Road in January 2023.
Dalmia Nisus Finance Investment Managers has exited its investment of INR 125 crore in two residential projects of Puranik Builders. The investment was made through its Real Estate Credit Opportunities Fund-I and the exit was achieved within nine months, with a return of over 25% IRR.
Indostar Capital Finance: Non-banking finance companies (NBFCs) categorise loans as stage 2 if the overdue period is between 30 and 60 days. Classification of borrower accounts occurs during the day-end process for the specified date.