Ashiana Housing Ltd has approved raising up to ₹500 million through unsecured non-convertible debentures on a private placement basis, following its December 11 board meeting. The move aims to diversify funding sources, optimize cost of capital, and support ongoing projects and working capital needs amid disciplined treasury management and market conditions.
Ashiana Housing Ltd’s board has cleared the issuance of unsecured non-convertible debentures (NCDs) of up to ₹500 million on a private placement basis, consistent with earlier disclosures about convening a meeting to consider such fundraising. This step enhances balance sheet flexibility while aligning maturities with project cash flows and growth commitments.
The company has previously used NCDs to fine-tune its liability profile, including an approval to raise up to ₹1,250 million in October 2025, signaling a structured approach to debt capital markets. The latest tranche reflects calibrated use of market windows to manage cost and duration risks while sustaining execution pace across residential developments.
Ashiana had closed its trading window ahead of the board deliberations, underscoring governance discipline and compliance with SEBI (LODR) norms on material corporate actions.
Important points
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Quantum: Up to ₹500 million in unsecured NCDs via private placement.
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Use of proceeds: Project execution, working capital, and refinancing flexibility.
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Governance: Trading window closure ahead of the meeting under SEBI norms.
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Context: Prior approval to raise up to ₹1,250 million in NCDs (Oct 2025).
Sources: Economic Times company announcements; Ashiana Housing investor press releases; MarketScreener corporate news