HDFC Capital Advisors invests Rs 400 cr in ATS HomeKraft
New Delhi: HDFC’s subsidiary HDFC Capital Advisors has put in Rs 400 crore in realty player ATS HomeKraft.
The investment has been made through mezzanine debt structure wherein Rs 200 crore will be used to offer total exit to the present lenders like Piramal Capital. The other Rs 200 crore will be utilised for the construction of existing realty projects of ATS HomeKraft, the affordable housing arm of realty from ATS Group, HDFC Capital Advisors said in a statement.
Delhi-NCR based ATS Grp had established ATS HomeKraft in 2018 to fcus on affordable housing across the country.