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Kumar Urban Gets Rs 50 Cr Funding From Reliance PMS, Kotak

Discuss Kumar Urban Gets Rs 50 Cr Funding From Reliance PMS, Kotak within the Security management and portfolio management forums, part of the Upload / Download Banking and Insurance Projects and Notes category; Kumar Urban Development Limited has raised Rs.50 Cr from Reliance Portfolio Management Services (Rs.30 Cr), a part of Reliance Capital ...

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Kumar Urban Gets Rs 50 Cr Funding From Reliance PMS, Kotak
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Sunanda K. Chavan
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Kumar Urban Gets Rs 50 Cr Funding From Reliance PMS, Kotak - August 10th, 2011

Kumar Urban Development Limited has raised Rs.50 Cr from Reliance Portfolio Management Services (Rs.30 Cr), a part of Reliance Capital Asset Management Ltd, and Kotak Mahindra Bank Ltd's NBFC (Rs.20 Cr).

Company has 15 ongoing projects across four cities in India with a total saleable area of 3.42 Mn sq. ft. It plans to launch two more projects in Mumbai and Pune later this year.
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