PNB Housing to invest over Rs 300 crore in Parinee’s office project

Private equity major Carlyle Group-backed mortgage lender PNB Housing Finance has entered into an agreement to invest over Rs 300 crore in realty developer Parinee Group’s commercial project, said two persons familiar with the development.

The total funding, to meet project expenses, will be provided in stages and the tenure of the facility is four years. The project, Parinee I, is an office complex being built on around 1 acre of land parcel in Andheri, western suburb of Mumbai.

Read more: Economic Times