Emami Infrastructure has received an approval for issue of Redeemable, Non-Convertible Debentures (NCDs) up to Rs 500 crore on private placement basis. The board of directors at its meeting held on January 11, 2018 has approved for the same.
Further, the company has signed term sheet for issue of Rated, Unlisted, Redeemable, Non-Convertible Debentures of Rs 100 crore. The company is to negotiate the terms for issuance of balance Rs 400 crore and accordingly it will inform the relevant particulars at the relevant times.
Emami Infrastructure is a holding company engaged in construction and real estate development. The Company's primary business is development of residential, commercial and retail properties through its subsidiaries and associates.
