Suvita Real Estates to Raise Rs.105 Crore via NCD
Real Estate

Suvita Real Estates to Raise Rs.105 Crore via NCD

Suvita Real Estates, part of the Shapoorji Pallonji Group, is set to raise ?105 crore through a non-convertible debentures (NCD) issue with a 15-month tenure. This move aims to repay the company's existing debt. The NCDs offer a substantial return, nearly two-and-a-half times higher than risk-free rates, classifying them as high-yield or junk bonds. The bonds feature step-up pricing, where investors receive 17.25% interest for the first 12 months and 20.25% between the 13th and 15th months. Additionally, Suvita Real Estates reserves the right to redeem these bonds after 12 months. In case of default, investors are entitled to a 24% return. The company previously missed payments to Blackrock Asia Pacific Credit Opportunities Fund last September, and the proceeds from this NCD issue will be directed towards settling that debt. The secured listed bonds will be open for subscription on February 9, closing on the same day. The Shapoorji Pallonji group did not comment on this matter.

Suvita Real Estates, part of the Shapoorji Pallonji Group, is set to raise ?105 crore through a non-convertible debentures (NCD) issue with a 15-month tenure. This move aims to repay the company's existing debt. The NCDs offer a substantial return, nearly two-and-a-half times higher than risk-free rates, classifying them as high-yield or junk bonds. The bonds feature step-up pricing, where investors receive 17.25% interest for the first 12 months and 20.25% between the 13th and 15th months. Additionally, Suvita Real Estates reserves the right to redeem these bonds after 12 months. In case of default, investors are entitled to a 24% return. The company previously missed payments to Blackrock Asia Pacific Credit Opportunities Fund last September, and the proceeds from this NCD issue will be directed towards settling that debt. The secured listed bonds will be open for subscription on February 9, closing on the same day. The Shapoorji Pallonji group did not comment on this matter.

Next Story
Infrastructure Urban

DRI Introduces Advanced Fresh Air Solutions for Large Buildings

DRI has unveiled its latest solutions for indoor air quality (IAQ) and energy-efficient ventilation in large enclosed buildings: the Treated Fresh Air Handling Units (TFA) and Dedicated Outdoor Air Systems (DOAS). The TFA units integrate EcoFresh Molecular Sieve Coated Heat Wheels to deliver optimal IAQ while promoting energy savings. The modular design allows additional functions such as cooling, heating, humidification, high-efficiency filtration, mixing, and sound attenuation. Maintenance is minimal, with standard filters and fan assemblies designed for reliability and ease of service. TFA..

Next Story
Infrastructure Urban

Dia Mirza-backed Without® Launches FOAK Recycling Plant in Pune

Without®, an impact-first deep-tech material science enterprise, has inaugurated its first-of-a-kind (FOAK) recycling demonstration plant in Pune. The 1,030 sq. m facility can process up to 5 tons per month of “unrecyclable” plastic waste, offering end-to-end operations from material intake and separation to chemical transformation, purification, product manufacturing, and quality testing. The demonstration plant serves as a precursor to a commercial facility planned for next year. The launch follows the successful closure of a $1.9 million (approx. Rs 16.8 crore) seed funding round led ..

Next Story
Infrastructure Urban

Capital India Home Loans Rebrands as People Home Finance

"Capital India Home Loans, a wholly owned subsidiary of Weaver Services, has announced its rebranding to People Home Finance Limited, underscoring its vision to build an inclusive, technology-led housing finance company serving India’s vast informal and self-employed segment. The rebranding follows the company’s $170 million investment round announced on 19 August 2025, led by Lightspeed, Premji Invest, and Gaja Capital. The new identity marks the next phase of expansion across Tier 2 and Tier 3 cities, with continued investments in branch infrastructure, people, proprietary technology, a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?