Investment21 Feb 2026, 07:25 pm
Suraj Estate Developers Raises INR 45 Crores via NCDs to India Real Estate Investment Fund Series 2
AI Summary
Suraj Estate Developers Ltd. has raised INR 45 Crores through the issuance of 4,50,00,000 Unlisted, Secured, Non-Convertible Debentures (NCDs) to IDBI Trusteeship Services Limited, acting as Trustee of India Real Estate Investment Fund Series 2. The NCDs have a tenure of 42 months, with a coupon rate of 17% per annum, payable monthly. The debentures are secured by various properties and development rights.
Key Highlights
- Suraj Estate Developers raised INR 45 Crores through NCDs issuance.
- NCDs were issued to India Real Estate Investment Fund Series 2, represented by IDBI Trusteeship Services Limited.
- The NCDs have a tenure of 42 months with a 17% annual interest rate, payable monthly.
- The debentures are secured by various properties and development rights.
- This investment will support Suraj Estate Developers in its real estate projects.