Embassy Developments to raise ₹160 Cr via NCDs

Embassy Developments Limited's Board constituted committee approved raising funds up to ₹160 crores through the issuance of up to 16,000 Non-Convertible Debentures (NCDs). These NCDs, each with a face value of ₹1,00,000, will be issued on a private placement basis in one or more tranches. The approval serves as an enabling authorization for future issuances. The NCDs are rated, unlisted, secured, redeemable, and taxable, with specific terms to be decided by the Board's committee.