Suraj Estate Developers to Consider ₹165 Cr NCD Fundraise

Suraj Estate Developers Ltd has announced a board meeting scheduled for August 10, 2026, to consider and approve a fund-raising plan. The company proposes to raise up to ₹165 crore through the private placement of Senior, secured, unrated, unlisted, redeemable, taxable, non-convertible debentures (NCDs). These NCDs will have a face value of ₹10,00,000 each and will be issued in one or more tranches, subject to necessary approvals. Concurrently, the trading window for designated persons has been closed until 48 hours after the meeting's outcome is disclosed.