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Peninsula Land to raise Rs 525 crore by selling NCDs: Report

25 Mar 2014 Evaluate

Peninsula Land is reportedly planning to raise Rs 525 crore by selling non-convertible debentures (NCDs) to complete acquisition of a defunct mill land in Mumbai’s Byculla area.

The company won an auction last year to buy the five-acre land from Mahindra Lifespace Developers and the Kanoria family.

Further, the company plans to induct an investor in the project. The investor is expected to own around 45% in the project.

Peninsula Land is known for its concept-based architectures in the commercial, retail and residential sectors. The company is also known for its professional corporate management, international landmarks and value additions.

Peninsula Land Share Price

17.32 -0.49 (-2.75%)
11-May-2026 16:59 View Price Chart
Peers
Company Name CMP
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Dilip Buildcon 487.35
DLF 590.45
Oberoi Realty 1633.95
Ahluwalia Contract(I 822.90
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