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.

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