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Suraj Estate Developers Limited ( (IN:SURAJEST) ) has shared an update.
Suraj Estate Developers Limited has approved the allotment of 4.5 crore unlisted, secured, non-convertible debentures with a face value of Rs 10 each, aggregating Rs 45 crore, on a private placement basis to IDBI Trusteeship Services Limited as trustee of India Real Estate Investment Fund Series 2. The 42-month NCDs, carrying an effective coupon structure of up to 17% with monthly interest payments, provide the company with significant debt funding to support its real estate operations while deepening its financing relationship with institutional investors in India’s alternate investment fund space.
More about Suraj Estate Developers Limited
Suraj Estate Developers Limited is a Mumbai-based real estate developer focused on residential and commercial projects. The company operates in India’s property market, raising capital through debt instruments to fund its development activities and support growth in a competitive, capital-intensive sector.
Average Trading Volume: 6,499
Technical Sentiment Signal: Sell
Current Market Cap: 10.53B INR
For detailed information about SURAJEST stock, go to TipRanks’ Stock Analysis page.