Ajmera Realty Board Approves ₹500 Crore Private Placement Debt Raise

Board approved proposal to issue NCDs/Bonds/other instruments via private placement in one or more tranches for up to Rs 500 Cr, subject to shareholder approval. Marks relevering after deleveraged phase to fund staged launch pipeline; fits stated plan to build leverage pre-launch then deleverage as sales convert. Instrument structure, security, tenure, coupon, use of proceeds and timeline undisclosed; shareholder approval pending; adds interest burden until launch sales materialize.