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Peninsula Land gets nod to raise Rs 750 crore through NCDs

29 Jul 2020 Evaluate

Peninsula Land has received approval from board of directors to raise approximately Rs 750 crore through Non-Convertible Debentures (NCDs) in one or more tranches within a period of one year on Private Placement basis.

The Board of Directors of the Company at its meeting held on July 28, 2020 has approved 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.

Peers
Company Name CMP
Lodha Developers 1055.00
Prestige EstatesProj 1535.00
Dilip Buildcon 379.85
DLF 708.10
Oberoi Realty 1661.10
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