Dev Accelerator has secured approval to raise up to Rs 100 crore through issuance of Non-Convertible Debentures (NCDs). The Board of Directors of the company in its meeting held on May 19, 2026, has approved the same. The board has approved the issuance of up to 100,000 Senior, Secured, Rated, Listed, Redeemable, Taxable, Transferable NCDs having face value of Rs 10,000 each, in one or more tranches, on a private placement basis. The NCDs are proposed to be listed on BSE.
Dev Accelerator, along with its subsidiaries and its associate companies, is primarily engaged in the business of providing workspace on rent, integrated facility management income (facility management services) and enterprise workspace designing and building services (construction and fit-out projects).
