Peninsula Land raises 150 crore via optionally convertible debentures and announces setting up of a real estate platform Constructionweekonline.in
Peninsula Land has announced raising of Rs 150 crore via optionally convertible debentures (convertible into equity shares of PLL). The investment is being made by Arsenio Strategies which is an affiliate of the Alpha Alternative Holdings (AAHPL), a reputed multi-asset class asset management firm. The company has additionally announced setting up of a real estate platform with Alpha Alternatives and Delta Corp. The Platform will be the parties’ exclusive vehicle to undertake residential re-development in the Mumbai Metropolitan Region and plotted development in and around the Mumbai Metropolitan Region, Alibaug, Khopoli, Karjat and Pune.
