Nisus Finance Sees Strategic Success with RESO-I Fund's First Exit

Nisus Finance Services Co Limited has achieved its first exit through its Real Estate Special Opportunities Fund - 1, investing in Shapoorji Pallonji's subsidiary, Suvita Real Estate. The exit, yielding an 18.74% IRR, underscores Nisus's commitment to providing structured finance for high-yield real estate ventures.

Mumbai, India – Nisus Finance Services Co Limited, a prominent name in investment management focusing on urban infrastructure, announced the successful completion of its first exit under the Real Estate Special Opportunities Fund - 1 (RESO-I). The exit was facilitated by an investment in Suvita Real Estate Private Limited, a wholly-owned subsidiary of Shapoorji Pallonji Real Estate Private Limited (SPRE).

The transaction involved an investment of INR 105 crore in Senior Secured Rated Listed Non-Convertible Debentures (NCDs) issued by Suvita Real Estate in January 2024. These NCDs, listed on the Bombay Stock Exchange (BSE), provided capital for a 12.16-acre land parcel in Pune, aiding SPRE's expansion in affordable housing.

SPRE redeemed the NCDs through internal accruals, with the exit managed by Nisus BCD Advisors LLP, delivering an impressive Internal Rate of Return (IRR) of 18.74%. This marks a significant milestone for the RESO-I fund at a time when the market is growing, with Manjri Budruk experiencing substantial sales and value appreciation.

(With inputs from agencies.)