Satra Properties India gets nod to raise fund upto Rs 56.00 crore

Satra Properties India ‘s Board of Directors at its meeting held on November 28, 2013,  has decided to raise finance by issue of Secured Redeemable Non-Convertible Debentures upto an amount of Rs. 56.00 crore  on a Private Placement basis.

Satra Properties operates directly or through its subsidiary or associate company or through project specific companies / firms formed for the purpose of execution of projects. It also undertakes development projects through Joint Development Agreements with third parties. It is also involved in the purchase and sale of TDRs which are freely transferable between developers.