Aditya Birla Real Estate plans to raise ₹10 billion via non-convertible debentures to fund ongoing projects and expansion. The proposal awaits board approval and aims to enhance financial flexibility for executing its significant residential and commercial developments across India’s key metros.
Aditya Birla Real Estate Ltd has announced its intention to raise funds up to ₹10 billion through the issuance of non-convertible debentures (NCDs). This fundraising plan aims to strengthen the company’s financial position and support its ongoing and future real estate projects.
Key Highlights
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The proposed fundraise of ₹10 billion will be executed via a private placement of unsecured non-convertible debentures, subject to shareholder and regulatory approvals.
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These funds are expected to provide financial flexibility and support project executions, expansion plans, and working capital requirements.
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The board of directors is scheduled to consider and approve this proposal in an upcoming meeting, signaling a key strategic move for the company’s growth pipeline.
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Aditya Birla Real Estate’s portfolio spans residential, commercial, and mixed-use developments in major urban hubs like Mumbai, Bengaluru, and the National Capital Region.
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The company has a robust land bank and ongoing projects including Birla Nx, Birla Alokya, and Birla Trimaya, which require substantial capital investment.
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The NCD issuance aligns with the company’s focus on judicious capital management while enhancing shareholder value.
This fundraising initiative underscores Aditya Birla Real Estate’s commitment to scaling operations and seizing new market opportunities in India’s dynamic real estate sector.
Sources: Market Screener, NSE India, BSE