Loan & Debt10 Aug 2026, 07:40 pm
Suraj Estate Developers Approves ₹165 Cr NCD Issuance
AI Summary
Suraj Estate Developers Ltd's 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 ₹10,00,000, aggregating to a total of ₹165,00,00,000 (₹165 Crores). The issuance will be in one or more tranches to eligible investors on a private placement basis, in compliance with relevant Companies Act and SEBI regulations. The meeting took place on August 10, 2026.
Key Highlights
- Company approved issuance of Non-Convertible Debentures (NCDs).
- Total issuance value stands at ₹165 Crores.
- NCDs are Senior, Secured, Unrated, and Unlisted.
- Issuance will be on a private placement basis.
- Fundraising aims to comply with applicable laws and regulations.
Price Impact
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