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Samruddhi Realty plans to raise Rs 75 cr via debentures
  Samruddhi Realty Ltd. | 23 Aug 2018 | 03:41 PM
Published on 10-18-2016
Samruddhi Realty Ltd said that it will raise Rs 75 crore through issuance of non-convertible debentures to Essel Finance.


In a filing to the BSE the company said that the board has “decided to issue non-convertible debentures of the face value of Rs. 100000 each for cash aggregating to Rs. 75 crore to Essel Finance advisors and managers LLP.”


The board further decided not to list these new debentures on any stock exchange and therefore these will be unlisted debentures.


“The proceeds of this issue will partly be utilised for retiring the existing outstanding non—convertible debentures issued to Reliance Capital Ltd and their associates” the Bengaluru-based firm said.