MYRE Capital launches debt opportunity for accredited investors; to raise Rs 20 cr

New Delhi, February 15, 2023: Neo-realty investment platform, MYRE Capital has on Wednesday announced the launch of its latest structured debt opportunity for accredited investors. The invested corpus will go to a CRISIL rated, RBI-registered, financial institution, which is engaged in disbursing loan against property to retail investors in semi-urban and rural geographies in South India. A press release issued by the company says that it aims to raise Rs 20 crore from its investors and the entire corpus is secured by collateral cover maintained above 1.5x of receivables.

The minimum investment size for this opportunity is Rs 15 lakh with an 11% Internal Rate of Return (IRR). The investment is a 4-year structured product that gives investors monthly interest returns and 25% of the principal will be repaid each year. This transaction will be fully supervised by a SEBI Registered debenture trustee.

Speaking on the launch of the new investment opportunity, Aryaman Vir, Founder & CEO of MYRE Capital said “We are very excited to launch our second framework under the debt vertical which will offer accredited investors an opportunity to earn risk adjusted returns. Offering a return of 11% IRR, the investment product is secured by strong collaterals of over 1.5x of receivables. A market leader in South India, our partner financial institution has been conducting business since last 10 years, and offers Loan Against Property to retail investors.”