JM Financial Private Equity has completed its proposed investment of Rs 40 crore in Coimbatore based co-living operator, Isthara Parks. The investment was completed in two tranches between July 2019 and June 2020.
Having expanded at a rapid pace since the first tranche investment, the company met the targets laid out for additional funding ahead of anticipated timelines. The second tranche infusion in Isthara will be utilized by the company to add another 4,000-5,000 beds under executive housing in addition to around 5,000 beds under student housing by the end of the current financial year.
JM Financial is an integrated financial services group offering a wide range of capital market services to its corporate and individual clients.
