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The Economic Times
The Economic Times

Kalpataru, Shangrila Infracon plan debt fundraise via private credit funds: Report

ShangriLa EY

Two Indian real estate companies are ​set to raise an ​aggregate of around 26 billion rupees ($269 million) through ​sale of shorter duration bonds, two sources aware of the matter said on Wednesday.

Kalpataru Properties plans to raise 16.35 billion rupees through four-year and ‌nine-day bonds ⁠and Shangrila ⁠Infracon India aims to raise 9.50 billion rupees through three-year notes, the sources ​added.

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