Knowledge Realty Trust has informed the Exchange regarding Disclosure of material issue
Awaiting price reaction for this filing.
Knowledge Realty Trust (KRT), acting through its manager, announced outcomes of its board meeting held on September 15, 2025. The board approved raising up to ₹1,600 crore through the issuance of 1,60,000 non-convertible debentures (NCDs) on a private placement basis, with a face value of ₹1 lakh each and a 3-year tenure, to be listed on BSE. The NCDs will be secured by a first-ranking pari passu charge on receivables and immovable properties in Hyderabad held by its SPV, Devbhumi Realtors Private Limited, along with a corporate guarantee from the SPV. Separately, the board approved a ₹1,600 crore term loan (lease rental discounting) facility from Bajaj Housing Finance, including a ₹200 crore flexi term loan sub-limit. Additionally, in-principle approval was granted to maintain consolidated net indebtedness (across KRT, SPVs, HoldCos, and portfolio entities) at or below 25% of the latest Gross Asset Value. KRT also received approval to join the Indian REITs Association (IRA).
This is a major debt-raising move totalling up to ₹3,200 crore, signalling an aggressive growth or refinancing strategy, though the 25% GAV leverage cap shows disciplined borrowing limits. Unitholders should watch how the proceeds are deployed, as returns on new debt-funded acquisitions versus current yields will determine any impact on distributable income.