Signature Global to Raise Rs 8.75 billion via NCDs for Debt Refinancing, Expansion

27 Jun 2025 CW Team

Realty major Signature Global has announced plans to raise up to Rs 8.75 billion through the issuance of secured, listed, redeemable non-convertible debentures (NCDs) on a private placement basis. The fundraising will be executed in one or more tranches and is expected to conclude by August, subject to shareholder approval.

Of the total proceeds, Rs 4.5 billion will be utilised to refinance existing debt, while the remaining amount will support business expansion initiatives, Chairman Pradeep Kumar Aggarwal confirmed to PTI.

The board has approved the proposal and the company will now initiate a postal ballot to seek shareholder consent. Approvals will also be sought for enhancing the borrowing limit, increasing the ceiling for creation of security, and altering the Articles of Association.

Signature Global, headquartered in Gurugram, has transitioned from an affordable housing focus to mid-income and premium residential segments, in response to rising land costs in the region.

In FY2024-25, the company recorded sales bookings of Rs 102.9 billion, ranking as the fifth-largest listed real estate firm by sales. It is targeting Rs 125 billion in pre-sales for the current financial year.

Technology

28 Oct 2025

Building Faster, Smarter, and Greener!

Backed by ULCCS’s century-old legacy, U-Sphere combines technology, modular design and sustainable practices to deliver faster and more efficient projects. In an interaction with CW, Rohit Prabhakar, Director - Business Development, shares how the company’s integrated model of ‘Speed-Build’, ‘Smart-Build’ and ‘Sustain-Build’ is redefining construction efficiency, quality and environmental responsibility in India.U-Sphere positions itself at the intersection of speed, sustainability and smart design. How does this translate into measurable efficiency on the ground?At U..

Smart Roads, Smarter India

India’s infrastructure boom is not only about laying more kilometres of highways – it’s about building them smarter, safer and more sustainably. From drones mapping fragile Himalayan slopes to 3D machine-controlled graders reducing human error, technology is steadily reshaping the way projects are planned and executed. Yet, the journey towards digitisation remains complex, demanding not just capital but also coordination, training and vision.Until recently, engineers largely depended on Survey of India toposheets and traditional survey methods like total stations or DGPS to prepare detai..

What Does DCPR 2034 Mean?

The Maharashtra government has eased approval norms for high-rise buildings under DCPR 2034, enabling the municipal commissioner to sanction projects up to 180 m on large plots. This change is expected to streamline approvals, reduce procedural delays and accelerate redevelopment, drawing reactions from developers, planners and industry experts about its implications for Mumbai’s vertical growth.Under the revised DCPR 2034 rules, buildings on plots of 2,000 sq m or more can now be approved up to 180 m by the municipal commissioner, provided structural and geotechnical reports are certified b..