MYRE Capital proposes to raise Rs 200 mn through structured debt

16 Feb 2023 CW Team

Over the upcoming quarters, MYRE Capital intends to fund Rs 200 million through structured loans for authorised investors.

The invested funds would be given to a financial institution with a CRISIL rating and RBI registration that offers loans against property to retail investors in semi-urban and rural areas of South India. Collateral cover maintained over 1.5x of receivables will secure the entire corpus.

"Since the debut of our debt vertical last year, we have seen substantial interest from investors in loan options backed by real estate assets," said Aryaman Vir, the founder and CEO of MYRE Capital. Compared to other competing asset classes, alternative real estate investments offer an excellent balance of yield and safety.

The new fund raise requires a minimum commitment of Rs 1.5 million, with an internal rate of return of 11%. (IRR). The investment is a 4-year structured instrument with monthly interest payments and annual principle repayments of 25%. A SEBI Registered Debenture Trustee will oversee this transaction in its entirety.

The company sees a tremendous demand for and development potential for neo-realty products in India, and we plan to scale the structured debt vertical to Rs 35 billion by the end of CY2023, continued Vir. To help the investors diversify their portfolios and build wealth, the company is aiming to deliver them a variety of real estate-related products.

Also read:
Jaypee Infratech's net loss increased to Rs 601 crore in Q3 FY23
InudsInd Bank raises funds to Sushma Group for commercial projects

Infrastructure Urban

07 Oct 2025

Paras Defence Subsidiary Wins Rs 460 Mn Anti-Drone Order

Paras Defence and Space Technologies (PDST) saw its shares rise 1.5 per cent to Rs 701 after its subsidiary, Paras Anti-Drone Technologies, secured a defence contract from the Ministry of Defence, Government of India, valued at approximately Rs 460.19 million.The order covers the supply of Anti-Drone Systems, including Drone Jammers, marking a significant milestone for Paras Anti-Drone in India’s growing counter-UAV segment. The contract is scheduled for execution by March 2026. According to official filings, the award is from a domestic entity, not a related party transaction, and no promot..

Jindal Stainless Launches First Stainless Steel Fabrication Unit in Mumbai

Jindal Stainless, India’s largest stainless steel manufacturer, through its subsidiary Jindal Stainless Steelway (JSSL), has inaugurated its first stainless steel fabrication unit at Washivali, Patalganga, Mumbai. The 4 lakh sq ft facility is designed to serve the bridge sector, fabricating critical components such as girders, arches, nuts, bolts, and handles. The unit was inaugurated by CEO & CFO Tarun Khulbe in the presence of senior leadership.Developed with an initial investment of Rs 1.25 billion, the facility strengthens Jindal Stainless’ position as a provider of end-to-end fabr..

Hero Future Energies Secures Rs 19.08 Bn for 120 MW Hybrid Project

Hero Future Energies (HFE), through its SPV Clean Renewable Energy Hybrid Three, has secured Rs 19,080 million in funding from State Bank of India (lead) and Canara Bank for the development of its 120 MW renewable energy (RE) hybrid project in Kurnool, Andhra Pradesh.The project, contracted with SJVN, integrates wind, solar, and storage technologies to provide reliable peak power. The funding, structured with a 21-year repayment tenure, will support timely project execution and the commencement of commercial operations.This financial closure underscores the banking community’s confidence in ..