Company Updates
Lighthouse Canton Closes INR 1,050 Million Private Credit Investment in Emerald Leisures Limited
Investment reflects continued growth of the organisation's India private credit platform
India, 5th August, 2026: Lighthouse Canton, a global investment institution with over USD 6 billion in assets under management, has successfully closed an INR 1,050 million private credit investment in Emerald Leisures Limited through its India-based Category II Alternative Investment Fund (AIF), the LC Luminere Credit Fund, and affiliate entities. Emerald Leisures is a BSE-listed leisure and hospitality company that owns and operates Club Emerald, a well-established premium multi-sport, hospitality and recreational destination in Mumbai.
The transaction underscores continued momentum in deal activity for Lighthouse Canton India's Credit Alternatives business and the LC Luminere Credit Fund.
The investment provides long-term capital to support Emerald Leisures' strategic growth initiatives. Structured as secured non-convertible debentures, the facility has been designed around the company's operating cashflows and is supported by a comprehensive security package comprising hard-asset collateral, escrowed cashflows, promoter support and identified liquidity events.
"We are pleased to partner with Lighthouse Canton on this important transaction. The structured credit solution has provided us with the flexibility to accelerate our growth while preserving our long-term strategic vision. More than just capital, it offers a financing structure that supports sustainable growth and positions us to capitalize on future opportunities," said Jaydeep Vinod Mehta, Group Chairman, Techno Group (parent company of Emerald Leisures Limited).
The transaction further strengthens Lighthouse Canton's track record of delivering bespoke structured financing solutions for established Indian businesses. Through its India private credit platform, the organisation continues to partner with businesses and promoters by providing flexible capital solutions tailored to their strategic financing requirements across sectors.Commenting on the deal,
Pranob Gupta, Managing Director, Business Head – India Alternatives (Credit & Hybrid Strategies) at Lighthouse Canton, said, "Emerald Leisures is a well-established company, and this investment reflects the kind of structured, security-backed opportunities we look for in the India private credit space. We are pleased to support the company's growth plans through this facility."
Lighthouse Canton's Asset Management business works closely with ultra-high net worth individuals, family offices, institutional investors and global investors, and has strong internal capabilities across private credit, growth debt, venture capital, real estate private equity, public equities and global macro hedge fund strategies. The investment team has internal capabilities across the private credit segment and runs private market funds spanning senior secured lending, structured credit and special situations strategies, of which the LC Luminere Credit Fund, a SEBI-registered Category II Alternative Investment Fund, forms a part. Lighthouse Canton's private credit strategies are supported by an extensive origination network, with access to over 500 issuer relationships and 1,000-plus promoter families, enabling a strong pipeline of proprietary deal flow across sectors.
