Kalpataru and Shangrila Infracon to Raise 26 Billion Rupees
Kalpataru Properties and Shangrila Infracon India are planning to raise a combined 26 billion rupees through shorter-duration bonds. The firms are targeting private credit funds as banks remain selective in lending to the real estate sector.
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KALPATARU LTD and Shangrila Infracon plan to raise 26 billion rupees ($269 million) through private credit markets in India. The firms are selling shorter-duration bonds as private credit funds seek larger deal sizes in the sector. This shift highlights how non-bank lenders are replacing traditional banks in financing Indian real estate development.
