StockWatch
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Residential- Commercial Projects
Board Meeting10 Sept 2026, 01:16 pm

Ajmera Realty Board Approves ₹500 Cr NCD Issuance

AI Summary

Ajmera Realty & Infra India Ltd's Board of Directors has approved a proposal to raise up to ₹500 Crores through the issuance of Non-Convertible Debentures (NCDs) or Bonds on a private placement basis. This fundraising initiative is subject to the approval of the company's shareholders. The board meeting, held on September 10, 2026, commenced at 12:40 PM and concluded at 1:02 PM, during which this significant financial decision was made.

Key Highlights

  • Board approved raising up to ₹500 Crores via NCDs/Bonds.
  • Issuance will be on a private placement basis.
  • Shareholder approval is required for the NCD issuance.
  • Fundraising aims to support company's growth initiatives.