Xander Finance, the Indian non-banking finance company (NBFC) arm of the global investment giant The Xander Group Inc, has invested Rs 49 crore ($8 million) in Century Real Estate, Bangalore. Xander Group’s investment is structured as senior secured non-convertible debentures. According to P. Ravindra Pai, Managing Director, Century Real Estate Holdings Pvt Ltd, “Xander Group has good understanding of the real estate sector in Bangalore having already made several investments. We are hoping to benefit from their financial experience.”
Amar Merani, Chief Executive Officer, Xander Finance, said: “Century Real Estate has phenomenal real estate assets across Bangalore. We are confident of Century’s skills and expertise in the Bangalore market.” “This transaction is yet another step towards increasing our footprint across the country and is an indicator of Xander Finance’s reputation as a preferred provider of corporate credit,” he added.