Board approves NCD issuance up to Rs 500 Crore on private placement
AJMERA · price
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Board of Ajmera Realty and Infra India approved issuing Non-Convertible Debentures, Bonds or other instruments on private placement basis, in one or more tranches, for an aggregate amount not exceeding Rs. 500 Crores. The issuance is subject to shareholder approval. No specific coupon rate, instrument details, or end use of funds were disclosed.
Raises up to Rs 500 Crore via debt; expands borrowings but funds growth. Subject to shareholder approval.