Home News Industry News Aditya Birla realty fund invests Rs. 150 crore in Ozone Group

    Aditya Birla realty fund invests Rs. 150 crore in Ozone Group

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    aditya-birlaRealty firm Ozone Group has raised Rs.150 crore from Aditya Birla Real Estate Fund to refinance an earlier loan in its Metrozone project in Chennai. Aditya Birla Real Estate has bought residential stock in the project in a bulk-buying deal. For Bengaluru-based Ozone Group, backed by Urban Infrastructure Venture Capital Ltd, this is the second time it has raised capital through a bulk transaction of apartments in Metrozone. In 2014, global private equity fund Blackstone Group Lp had invested Rs.175 crore in the residential portion of the 42-acre, mixed-use Anna Nagar project.

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