Live Breaking News & Updates on As Raised Rs 208 Crores In Non Convertible Debentures Ncds Which Are To Be Utilized Part Refinance Debt

Mumbai (Maharashtra) [India], February 27 (ANI/PRNewswire): Della Adventure and Resorts Pvt. Ltd, which owns and manages the popular Della Resorts and Della Adventure Park in Lonavala, has raised Rs 208 crores in non-convertible debentures (NCDs) which are to be utilized to part-refinance debt, while giving impetus to the expansion endeavours of the group's hospitality arm. The financing was led by Nomura, a global financial services group. A wholly-owned subsidiary of the Della Group, Della Resorts is valued at Rs 660 crores as per a valuation done by Mandeep Lamba, President South Asia and his team of hospitality consultants HVS Anarock. Jimmy Mistry, Chairman and Managing Director, Della Group has said, "The proceeds from the NCDs will be utilised partly to refinance existing debt and towards the expansion strategy of our hospitality arm. Della Resorts will soon foray into increasing its current inventory while transforming into a 300-key resort Singapore-based Vishal Sharm ....

United Arab Emirates , Pearl Sanga , Vishal Sharma , Jimmy Mistry , Rituparno Bhattacharya , Satish Kishandani , Murugan Shankaran , Mandeep Lamba , Della Group , Della Adventure , Della Resorts , Della Adventure Park , President South Asia , Managing Director , Investment Capital , Dubai Based Financial , Business Consultancy , Pioneer Legal , Luxury Resort , Director Della Group , Mumbai Maharashtra India , Ebruary 27 Ani Prnewswire Della Adventure And Resorts Pvt Ltd , Hich Owns And Manages The Popular Della Resorts Adventure Park In Lonavala , As Raised Rs 208 Crores In Non Convertible Debentures Ncds Which Are To Be Utilized Part Refinance Debt , Hile Giving Impetus To The Expansion Endeavours Of Group 39s Hospitality Arm Financing Was Led By Nomura , A Global Financial Services Groupa Wholly Owned Subsidiary Of The Della Group ,