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Samruddhi Realty to raise Rs 75 crore via NCDs

18 Oct 2016 Evaluate

Samruddhi Realty is planning to raise Rs 75 crore through issuance of non-convertible debentures (NCDs) to Essel Finance. In this regard, the company has received its board’s approval to issue non-convertible debentures of the face value of Rs 1,00,000 to Essel Finance advisors and managers LLP. The company’s board further decided not to list these new debentures on any stock exchange and therefore these will be unlisted debentures.

The proceeds of this issue will partly be utilised for retiring the existing outstanding non convertible debentures issued to Reliance Capital and their associates.

Peers
Company Name CMP
Lodha Developers 1104.75
Prestige EstatesProj 1494.10
Dilip Buildcon 398.95
DLF 662.60
Oberoi Realty 1775.00
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