Suraj Estate Completes ₹70 Crore Debt Issuance with Final Allotment of Non-Convertible Debentures
Suraj Estate Developers Ltd has completed the issuance of a total of ₹70 crore in Unlisted, Secured, Rated, Redeemable, Non-Convertible Debentures (NCDs) following the allotment of the remaining tranche to a specified investment fund. The final allocation was made on July 23, 2026.The debt raising initiative originated from an earlier approval by the Management Committee for the issuance of up to ₹70 crore through NCDs. Initially, Suraj Estate allotted 6,00,00,000 NCDs, aggregating to ₹60 crore, on February 29, 2024, to India Real Estate Investment Fund - Series 2, an Alternative Investment Fund managed by ICICI Venture Funds Management...