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Sumer Group gives exit to Altico Cap, mulls PE funding

Sumer Group gives exit to Altico Cap, mulls PE funding

27 Sep 2016

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Sumer Group gives exit to Altico Cap, mulls PE funding

Sumer Group | Credit: Shah Junaid/VCCircle

Mumbai-based developer Sumer Group has raised loans from banks to give an exit to non-banking financial company (NBFC) Altico Capital and is looking at debt funding from private equity firms for its projects, a top executive told VCCircle.Altico had put in Rs 450 crore in a joint venture project of ......