Suraj Estate Developers Limited Approves Issuance of INR 165 Crore in Senior Secured Non-Convertible Debentures
Suraj Estate Developers Limited has approved the issuance of Senior, Secured, Unrated, Unlisted, Redeemable, Taxable, and Non-Convertible Debentures (NCDs). This issuance is set to raise up to INR 165,00,00,000 through a private placement basis to eligible investors.The decision was made following the Management Committee of the Board of Directors meeting held on August 10, 2026. The company's approval streamlines the process for raising capital through this debt instrument.
Under the approved plan, the NCDs are structured with a face value of INR 10,00,000 each. The planned issuance includes a total of 1,650 such debentures, aggregating to the target amount of INR 165,00,00,000.
The debt instruments carry specific characteristics and are being offered in one or more tranches as part of this private placement transaction.
Key details regarding the planned NCD issuance are summarized below:
| Metric | Detail |
|---|---|
| Company Name | Suraj Estate Developers Limited |
| Date of Approval | August 10, 2026 |
| Total Number of NCDs | 1,650 |
| Face Value per NCD | INR 10,00,000/- |
| Aggregated Amount | INR 165,00,00,000/- |
| Issuance Basis | Private Placement |
SURAJEST Stock Price Movement
Suraj Estate Developers Limited shares closed higher today, gaining 3.42% to settle at ₹208.47 in post-market trading. The equity traded during the session between a low of ₹202.2 and an intraday high of ₹211.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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