Realty firm TDI Infracorp Ltd has raised Rs 100 crore from L&T Finance to fund its ongoing township project at Panipat.
TDI Infracorp had last month gave an exit to Kotak Realty Fund from its housing project in Sonepat by repaying a debt of Rs 110 crore. The company is building five townships, spread over an area of 2,480 acres, at Kundli, Panipat, Mohali, and Moradabad. “We have entered into financial partnership with leading NBFC player L&T Finance,” TDI Infracorp Mananging Director Kamal Taneja told PTI. The company has raised an investment of Rs 100 crore from L&T Finance to fund a part of its ongoing township project at Panipat, he added.