Realty firm Signature Global Ltd on Tuesday said it has raised Rs 875 crore from World Bank’s lending arm IFC through issuance of non-convertible debentures (NCDs) and the amount will be used to develop housing projects and retire high-cost debt.
Gurugram-based Signature Global, one of the leading real estate developers in the country, also exuded confidence of achieving the sales bookings target of Rs 12,500 crore for this fiscal, on the back of launch pipeline of homes worth Rs 14,000 crore during the next five months.
The company sold properties worth Rs 10,290 crore last fiscal to become the fifth largest listed realty firm in terms of sales bookings.
“We have raised Rs 875 crore from private placement of NCDs with International Finance Corporation (IFC),” Signature Global Chairman Pradeep Kumar Aggarwal told reporters here.
After the successful Initial Public Offering and listing of the shares on bourses, he said the company has achieved another major milestone by raising fundRealty firm Signature Global Ltd on Tuesday said it has raised Rs 875 crore from World Bank’s lending arm IFC through issuance of non-convertible debentures (NCDs) and the amount will be used to develop housing projects and retire high-cost debt.
Gurugram-based Signature Global, one of the leading real estate developers in the country, also exuded confidence of achieving the sales bookings target of Rs 12,500 crore for this fiscal, on the back of launch pipeline of homes worth Rs 14,000 crore during the next five months.
The company sold properties worth Rs 10,290 crore last fiscal to become the fifth largest listed realty firm in terms of sales bookings.
“We have raised Rs 875 crore from private placement of NCDs with International Finance Corporation (IFC),” Signature Global Chairman Pradeep Kumar Aggarwal told reporters here.
After the successful Initial Public Offering and listing of the shares on bourses, he said the company has achieved another major milestone by raising fund Latest News [ SOBAN NEWS: International and National ]
