BSEKnowledge Realty TrustMediumNeutral
Announced Wed, 17 Jun · 11:35 IST
KRT to raise up to Rs 2,000 Cr via NCDs and commercial papers
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Knowledge Realty Trust's Borrowing Committee approved raising up to Rs 1,000 Cr through listed, rated, secured, redeemable non-convertible debentures (face value Rs 1 lakh each) and another Rs 1,000 Cr through listed, rated, redeemable commercial papers, both via private placement in one or more tranches.
Likely market impact
Expands the REIT's debt capacity to fund acquisitions or refinance assets; boosts growth capital flexibility but increases overall leverage.