F&C REIT Asset Management - a specialist investment, finance and asset management firm with offices in London, Mumbai, Munich, Stockholm and Tel Aviv is the FDI partner of the project. F&C REIT Asset Management is well placed to identify and take advantage of opportunities in the global real estate market. F&C REIT Asset Management owns and manages real estate assets worth £ 8.5 billion globally.
The global presence of F&C REIT and its rich experience, past track record and financial muscle in handling mega projects worldwide, removes any doubt in their execution capabilities. F&C REIT, being the majority stakeholder, is totally committed to its cause and would not have put in so much of their money, had they not been convinced on the project’s viability and confidence in its delivery.
The FDI partner F&C REIT Asset Management (UK), through their Investment-arm Betoking Ltd., Cyprus have infused into the Project US $ 6.86 Million, in the form of Unsecured Compulsorily Fully Convertible Debentures (CFCD), which are compulsorily convertible into Equity shares. The Debentures issued are in compliance of the provisions of the Companies Act, 2013 and FDI norms and guidelines of Reserve Bank of India. Their commitment to the project is further strengthened by the fact that a further sum of around US $ 2.2 Million is being infused for speedy completion of the construction activities.