Supreme Infra Approves ₹45 Cr Debenture Allotment to InRe Fund

Supreme Infrastructure India Limited's Board of Directors has approved the allotment of 450 Unlisted, Secured, Redeemable, Non-Convertible Debentures, in tranche 2, on a private placement basis to InRe Fund II, Scheme of InRe Investments Trust. The total value of these debentures is ₹45,00,00,000 (₹45 Crore). The debentures have a face value of ₹10,00,000 each and a tenure of 366 days from the date of allotment. They carry a coupon rate of 12% per annum, payable on redemption. The issuance is secured by a first-ranking exclusive mortgage over the Bhiwandi Land. This move signifies the company's efforts to raise capital through debt instruments.