Nisus Finance Services logs first exit in RESO Fund

Nisus Finance Services, an investment management firm, has completed the first exit under its Real Estate Special Opportunities (RESO) Fund – 1.

The company invested ₹105 crore in Senior Secured Rated Listed Non-Convertible Debentures issued by Suvita Real Estate, a wholly owned subsidiary of Shapoorji Pallonji Real Estate last January.

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The NCDs were fully redeemed by SPRE using internal accruals and capitalisation. The exit delivered an Internal Rate of Return of 18.74 per cent.

Amit Anil Goenka, Chairman and Managing Director, Nisus Finance Services, said the early exit reflects the company’s strategic approach to structured capital—backing established counterparties such as SPRE while ensuring strong risk-adjusted returns.

The early redemption underscores not only the resilience of the underlying asset but also the financial strength of SPRE, he said.

Venkatesh Gopalakrishnan, Director Group Promoter’s Office, MD – Shapoorji Pallonji Real Estate, said the association with Nisus Finance played a key role in accelerating the business objectives, providing the right financial structuring to optimize growth strategy.

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With a robust foundation and market-driven execution, the company was able to exit this investment well ahead of schedule, demonstrating the strength of assets and financial positioning, he added

The investment was structured to provide capital for a 12.16-acre land parcel in Manjri Budruk, Pune, supporting SPRE’s growth in the mid-income affordable housing segment.

These NCDs were listed on the wholesale debt segment of the Bombay Stock Exchange.