Xander Finance Closes Rs. 200 Cr (US$33 MM) Investment in Orris Infrastructure
October 30, 2013 - Mumbai, Maharashtra, India
With this transaction, the firm has firmly established its credentials as one of the most active NBFCs in the Indian market, with demonstrated capability to structure and fund large transactions.
Amar Merani, Chief Executive Officer of Xander Finance, said, “Orris Infrastructure is well positioned to deliver high quality residential and commercial assets across strategic locations in NCR, given their skills in land consolidation, development and customer oriented product delivery. This transaction is the start of a long term relationship across multiple projects, locations and formats within NCR and we are confident that Orris will deliver on this relationship”.
Commenting on the transaction, Vijay Gupta, Chairman of Orris Infrastructure, said, “Partnering with The Xander Group Inc., with its high standards, global expertise and international network is a strategic move for Orris. This will enable Orris to accelerate into its next phase of growth and also provide us with access to global best practices. Rs. 200 Cr is only a humble add on, a start of a futuristic long term partnership.”
About The Xander Group Inc.
The Xander Group Inc. is a global investment firm focused on the infrastructure, hospitality, retail and real estate markets. Since 2005, the firm has committed over US$ 2 billion of capital to the Indian market across private, public and credit investments. The firm combines extensive industry knowledge with global experience and relationships, and works with quality promoters, partners and companies across the growth cycle to build and scale businesses and generate superior long term returns. Please visit www.thexandergroup.com for further information.
About Xander Finance
Xander Finance is the Indian credit arm of The Xander Group Inc. It is a Non-Banking Financial Company (NBFC) licensed and regulated by the Reserve Bank of India and caters to the growing credit requirements of corporations in India. It is one of the most active NBFCs in the country.
About Orris Infrastructure Private Ltd:
Orris Infrastructure (www.orris.in) with its headquarters in Gurgaon is built upon 25 years of the strong foundation laid down by Mr. Vijay Gupta in the real estate arena and Orris has now evolved into a large real estate development company with land bank of over 1200 acres across NCR. The company was honored with the ’Emerging Residential Infrastructure Company’. award in the year 2010. The company is currently executing projects with development area of over 10 MMSF across several residential, commercial and township projects. The Company has also forayed into education, power and hospitality sectors.
Source: Business Wire India