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Motilal Oswal Alternates (MOA), the alternative investment arm of the Motilal Oswal Group, has made its first investment of Rs 450 crore in Shapoorji Pallonji Real Estate, against two of developer group's projects.
One project is a partially completed, leased and operational commercial project in Manesar. The other is a residential township launched in 2021.
The investment, which has been made through structured debt instruments, will be used for working capital, repayment of debt and achievement of financial closure, said the company.
MOA currently manages five real estate funds and multiple standalone NCD investments. Its cumulative assets under management in
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