Investment21 Feb 2026, 07:22 pm
Suraj Estate Developers Ltd Raises INR 45 Crores Through Issue of Non-Convertible Debentures
AI Summary
Suraj Estate Developers Ltd has raised INR 45 Crores through the issue of 4,50,00,000 Unlisted, Secured, Non-Convertible Debentures (NCDs) of face value INR 10/- each. The NCDs have been allotted to IDBI Trusteeship Services Limited, in the capacity as Trustee of India Real Estate Investment Fund Series 2, an Alternate Investment Fund organized as a contributory trust formed under the Indian law and registered with Securities and Exchange Board of India (SEBI) as a venture capital fund under SEBI (Alternate Investment Fund) Regulations and acting through its Investment Manager - ICICI Venture Funds Management Company Limited on private placement basis.
Key Highlights
- Suraj Estate Developers Ltd has raised INR 45 Crores through the issue of NCDs.
- The NCDs have been allotted to IDBI Trusteeship Services Limited.
- The NCDs are unlisted, secured, and non-convertible.
- The NCDs have a face value of INR 10/- each.
- The NCDs have been issued on private placement basis.