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LIC Housing invests in SPR City, Piramal Enterprises exits from project

The company's Director Chetan Bohra said that the capital raised would be utilised for advacing the construction and ensuring the completion of the residential project within this financial year

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.The SPR group has used a part of the capital raised to provide an exit to Piramal Enterprises.

T E Narasimhan Chennai

1 min read Last Updated : Sep 25 2020 | 6:47 PM IST

LIC Housing has invested an unspecified sum in Chennai township, SPR City's ongoing residential project spread over an area of 1.7 million sq ft. The SPR group has used a part of the capital raised to provide an exit to Piramal Enterprises.

The company's Director Chetan Bohra said that the capital raised would be utilised for advacing the construction and ensuring the completion of the residential project within this financial year.

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"Part of the capital raised has been used to repay and

Topics : LIC Housing Finance Piramal Enterprises Residential projects

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