B-Right Realestate Subsidiary Receives Rs. 45 Crore Investment from M/s Yogi Limited for Veer Sambhaji Nagar Co-Operative Housing Society Project

B-Right Realestate Ltd. announces that its subsidiary, M/s. Farewell Real Estate Private Limited, has received the first tranche of Rs. 45 Crore from M/s Yogi Limited. This investment has resulted in the allotment of 4,500 Optionally Convertible Debentures (OCDs) worth Rs. 45,00,00,000/-. The project, located at LBS Marg, Mulund (West), Mumbai, is expected to start within the next 6/9 months and has an estimated Gross Development Value (GDV) / Revenue of Rs. 2000 Crore. The investment will be utilized exclusively for the development of Veer Sambhaji Nagar Co-Operative Housing Society Limited under the Slum Rehabilitation (SRA) scheme. The transaction is subject to necessary approvals.