Puravankara Limited has informed the Exchange regarding allotment of 500 (five hundred), unlisted, unrated, senior, secured, redeemable, non-convertible debentures of face value of INR 10,00,000 (Indian Rupees Ten Lakhs Only) each at the meeting of Management Sub Committee of the Company held on Jun 20, 2025
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Puravankara Limited has allotted 500 senior, secured, redeemable, non-convertible debentures (NCDs) with a face value of INR 10 lakh each, raising INR 50 crore on a private placement basis to identified investors. This is the first tranche of a larger fund-raising plan of up to INR 300 crore approved by the company on May 16, 2025. The allotment was approved by the Management Sub-Committee via circular resolution on June 20, 2025. The NCDs are unlisted and unrated, and no coupon rate or yield was disclosed in the filing.
The company is raising debt capital privately, which is dilutive only in terms of future interest obligations and not equity. Successful first-tranche allotment shows progress on its INR 300 crore fund-raising goal, but the unlisted, unrated nature suggests this is targeted at specific institutional or high-net-worth investors rather than retail participation.