Altico Capital said on Thursday it had invested Rs. 200 crore in real estate firm Legacy Group. “Altico Capital has entered into a portfolio based funding with Bangalore-based real estate developer Legacy Group,” the company said in a statement.
The portfolio includes several projects spread across Central and North Bengaluru, at various stages of execution, including those at late-stage nearing completion, providing multiple and diversified sources of cash flows for debt servicing. The funding would be made in tranches and is proposed to be used by the developer towards re-financing existing debt and for construction funding across projects.