Signature Global to Raise Rs 875 Cr via NCDs

New Delhi, Oct 9 (PTI) Realty firm Signature Global Ltd will next week raise Rs 875 crore through issuance of non-convertible debentures (NCDs) to investors.

In a regulatory filing on Thursday, the company informed that the Debenture Committee of the company has approved the terms for issuance of 87,500 NCDs, having a face value of Rs 1 lakh each, aggregating to Rs 875 crore on a private placement basis.

The tenure of the NCDs, having a coupon rate of 11 per cent, would be 3 years, 2 months and 30 days. The allotment is proposed on October 16, 2025, and the date of Maturity is January 15, 2029.

In June, the company's board approved a proposal to raise up to Rs 875 crore through NCDs on a private placement basis.

Gurugram-based firm Signature Global is one of the leading real estate developers in the country.

In 2024-25, the company emerged as the fifth-largest listed real estate firm in terms of sales bookings. The company sold properties worth Rs 10,290 crore in the last fiscal and is targeting Rs 12,500 crore in pre-sales in the current financial year.