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The company approved issuance of up to 1,650 senior, secured, unrated and unlisted NCDs with ₹10 lakh face value each, aggregating ₹165 crore, via private placement in one or more tranches. Context: the second NCD approval in six months adds to ongoing debt-funded land acquisition.
Suraj Estate Developers Approves ₹165 Crore Secured NCD Issue
Suraj Estate To Consider ₹165 Crore NCD Placement
Suraj Estate Developers To Consider ₹165 Crore NCD Private Placement