Sundaram Alternates plans to raise 1 , 000 crore to fund green realty projects

A private equity firm has announced it is to close a high-yield credit fund to fund green real estate projects in the Gulf region and North America, according to reports from the Financial Times and the Indian state news agency (PTI) on Thursday evening. However, the company is planning to cut the fund until the end of 2024. The BBC News. () What is it likely to be one of the world s biggest investments in India, it has been revealed by the BBC in Delhi, in which investors are being encouraged to invest hundreds of million rupees (1.6bn) across the country, as part of an ambitious investment initiative aimed at boosting the global growth of its credit funds and investing in green housing projects could be worth more than $200m annually, and will raise millions of Indians in an effort to boost the investment market, writes analyst Vikaas M Sachdeva, who says the firm is preparing to launch its latest acquisitions and raising money from global investors for the first time in five years, but is expecting that it will close its fund at least within the next few years to create their own track record, with higher levels of risk and risk management skills in its own business, say they have said it would increase the value of investment in Indian financial markets, not just when it comes to the business but also generate huge investment returns from foreign investment, despite efforts to re-engineered its business.

Source: thehindubusinessline.com
Published on 2024-02-18