Embassy Developments Increases Debt Issuance to ₹1,570 Cr

Embassy Developments Ltd announced that its Board's constituted committee has approved an increase in the total issue size for senior, secured, redeemable, unrated, unlisted non-convertible debentures (NCDs) from up to ₹400 crores to up to ₹1,570 crores. This decision, made during a meeting on July 6, 2026, is an enabling authorization for raising additional funds. The NCDs will be issued on a private placement basis in one or more tranches. The funds raised will be utilized for purposes including refinancing existing debt, project construction, working capital, and general corporate needs. The company previously intimated an issue of NCDs on January 29, 2026.