Century Real Estate raises Rs 520 crore from Piramal Group

Property developer Century Real Estate has got about Rs 520 crore in a mix of structured debt and construction finance from Piramal Fund Management, the real estate investment arm of Ajay Piramal Group, according to sources familiar with the matter. This is the second fund raise by the company from Piramal, in less than a year. In September, Century raised about Rs 720 crore for multiple projects from Piramal and Altico Capital India. With Piramal contributing about Rs 180 crore then, the NBFC’s exposure to Century has crossed more than Rs 700 crore.

Read more: Economic Times