Overview
- The debenture committee allotted 87,500 NCDs of Rs 1 lakh each at an 11% coupon, maturing on January 15, 2029.
- Management said about Rs 470 crore will repay existing borrowings, with the balance funding mid-income, ESG-aligned housing and land acquisition.
- The instruments carry an A+ (Stable) Care Edge rating and are listed on the BSE, marking Signature Global’s first listed debt deal.
- Despite April–September pre-sales falling 21% to Rs 4,650 crore, the company reiterated its Rs 12,500 crore full-year bookings target.
- Executives outlined launches of roughly 8 million sq ft with an estimated Rs 14,000 crore sales potential over the next five months, alongside 15.7 million sq ft delivered and a sizable project pipeline.