In order to complete its ongoing realty projects, PE firm- Apollo Global, has recently infused Rs. 400-cr in Logix group to fast track its existing residential and commercial projects. The projects in question are currently in an advanced stage of construction with 8,400 apartments but getting delayed due to cash crunch, said Managing Director of Logix Group, Shakti Nath, adding that it has received the first tranche of Rs. 200-cr from Apollo Global, while the rest will come in over the next one year. The investment has been made at the entity level and confirmed the transaction and said that his company wants to finish its residential projects quickly, so as to sell faster. This is the first transaction from the new Apollo Asia, Real Estate fund that has a focus on China, India, and South East Asia, head for Apollo Asia Real Estate, India, Philip Mintz, said.
📅Published on:
07 August 2016
🔗Share:
We Value Your Comment
⭐How useful is this information?
Submitting...
03
Thanks for your rating! ✌️ We’d love to hear more - share your thoughts by leaving a comment
Allcargo Logistics Limited has announced its initiative to enable FMCG companies to navigate increasingly fragmented inventory flows through integrated,
GHV Infra Projects Limited has secured a road construction and civil works contract worth Rs 815 crore from APCO Infratech Private Limited in Maharashtra.
JCB India announced the inauguration of a new facility of its dealer, Caculo Earthmovers in Karaswada, North Goa, further strengthening its presence in the
The Godhra–Vadodara section of the Delhi–Mumbai Expressway has been completed and opened for traffic on a trial basis from April 13, 2026, according to the
The Rajasthan State Industrial Development and Investment Corporation will invest Rs 1,200 crore to upgrade infrastructure across more than 450 industrial
Dubai has completed its first air taxi station near Dubai International Airport, marking a major step toward launching electric air mobility services later
Informa Markets in India is gearing up to host the 23rd edition of Roof India, Asia’s premier exhibition for roofing and allied products, from 23–25 April 2026
NBM Media
30+ years of reporting on infrastructure, construction, architecture, & real estate across print, digital, and social media.
