Peninsula Land has received an approval for raising funds by way of issuing Non-Convertible Debentures (NCDs) on private placement basis during the Financial Year 2017-18. The company will raise funds to the tune of approximately Rs 2,500 crore in one or more tranches. The board of directors at its meeting held on April 24, 2017 has approved for the same.
Peninsula Land is a holding company engaged in construction business. The company is engaged in the business of real estate development. Its segments include Realty, Renting and Others.