Suraj Estate Developers approves ₹165 Cr NCD issuance

Suraj Estate Developers Ltd announced that its Management Committee has approved the issuance of 1,650 Senior, Secured, Unrated, Unlisted, Redeemable, Taxable, Non-Convertible Debentures (NCDs). Each NCD has a face value of INR 10,00,000/-, aggregating up to INR 165,00,00,000/- (INR 165 Crores). The issuance will be in one or more tranches to eligible investors on a private placement basis, in compliance with applicable laws and regulations. The meeting of the Management Committee commenced at 06:30 p.m. and concluded at 07:00 p.m.