NEW DELHI: The Gurugram-based Elan Group has secured ₹140 crore in debt from a real estate credit platform run by BGO and Aditya Birla Sun Life AMC, according to sources familiar with the matter.
The company had earlier raised ₹250 crore from Piramal Finance to fund a different commercial project in the city.
Additionally, Elan Group has successfully repaid a ₹875 crore debt from Asia Pragati Strategic Investment Fund, which is part of PAG, one of Asia’s largest private investment firms. Asia Pragati provided ₹875 crore to the Elan Group in 2022, aimed at fostering their growth capital.