Board approves Rs 405 Crore NCD issuance via private placement
RUSTOMJEE · price
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Keystone Realtors (Rustomjee) board approved raising up to Rs 405 Crore through issuance of senior, secured, listed, rated, redeemable non-convertible debentures on private placement basis. Board meeting was held on August 26, 2026. The NCDs will be privately placed with investors.
Raises Rs 405 Crore for growth or refinancing; adds new debt to balance sheet. Coupon rate and use of funds will be key details to watch.