Nisus Finance Services exits Skytech Estates investment with 1.5x MOIC and 16.5% IRR
Nisus Finance Services Co Ltd successfully exited its investment in Skytech Estates Private Limited on February 3, 2026, achieving 1.5x MOIC and approximately 16.5% IRR over a 3-year holding period. The exit was completed ahead of the planned June 2026 timeline through a full settlement, with the RESO Fund's 2023 investment in Senior Secured Redeemable Non-Convertible Debentures supporting Skytech Mall in Rohtak and Skytech Colours Avenue residential project in Greater Noida. The transaction demonstrates Nisus Finance's disciplined asset management capabilities and strategic execution in commercial real estate investments.

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Nisus Finance Services Co Ltd announced the successful exit from its investment in Skytech Estates Private Limited, completing the transaction ahead of schedule while delivering strong returns to investors. The company achieved significant financial returns through disciplined asset management and strategic stakeholder engagement in the commercial real estate sector.
Investment Exit Details
Nisus Finance completed its exit from Skytech Estates on February 3, 2026, well ahead of the originally planned timeline of June 2026. The exit was executed through a carefully planned full and final settlement, with all outstanding dues settled and security interests released.
| Parameter: | Details |
|---|---|
| Exit Date: | February 3, 2026 |
| Original Timeline: | June 2026 |
| MOIC: | 1.5x |
| IRR: | Approximately 16.5% |
| Holding Period: | Approximately 3 years |
| Investment Year: | 2023 |
Investment Structure and Projects
The Real Estate Special Opportunities (RESO) Fund had invested in Senior Secured Redeemable Non-Convertible Debentures of Skytech Estates Pvt Ltd in 2023. The investment supported two key development projects that demonstrate Nisus Finance's commitment to enabling development in emerging urban markets beyond India's major cities.
The funded projects include:
- Skytech Mall (Project 1): A retail mall development in Rohtak
- Skytech Colours Avenue (Project 2): A residential project in Greater Noida
Management Commentary
Avadhoot Sarwate, Chief Investment Officer at Nisus Finance Services Co Ltd, highlighted the significance of this successful exit. He emphasized that the transaction demonstrates the company's disciplined asset management, strong execution capabilities in complex real estate investments, and proven ability to actively manage and turn around stressed real estate assets.
The Chief Investment Officer noted that this outcome reinforces the intent of the Real Estate Special Opportunities (RESO) fund to back well-located projects with strong fundamentals while bringing hands-on structuring, monitoring and resolution expertise to protect and enhance investor value.
Strategic Significance
The early resolution highlights Nisus Finance's expertise in managing and restructuring distressed commercial real estate assets. The company successfully navigated cash flow challenges to achieve an optimal outcome, protecting investors' capital while delivering strong risk-adjusted returns through proactive asset management, disciplined enforcement, and strategic stakeholder engagement.
This investment outcome underscores Nisus Finance's ability and willingness to support high-quality real estate opportunities beyond India's major cities, reflecting its growing footprint and commitment to enabling development in emerging urban markets. The transaction demonstrates the company's strong asset management discipline and execution excellence in the commercial real estate space.
Historical Stock Returns for Nisus Finance
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -2.02% | +5.99% | +7.37% | -21.05% | -24.57% | +29.52% |


































