Shraddha Prime Projects To Consider Raising 600 Million Rupees Via NCDs

 Shraddha Prime Projects Ltd. has disclosed that its board of directors will meet to evaluate a proposal for raising 600 million rupees via non-convertible debentures (NCDs). The initiative reflects the company’s strategy to secure stable, long-term financing while diversifying its capital structure. NCDs, being fixed-income instruments, are expected to provide predictable returns to investors and help the company manage its debt obligations more efficiently.  

The proposed fundraising comes at a time when real estate developers are increasingly turning to debt markets to finance growth and manage liquidity amid evolving market conditions. Shraddha Prime Projects aims to leverage this route to strengthen its balance sheet and support ongoing and future projects.  

Key highlights from the announcement include:  

• The board will consider raising 600 million rupees through NCDs  
• Funds are expected to be used for expansion and operational requirements  
• NCDs provide fixed returns, offering stability to investors and predictability for the company  
• The move reflects a broader industry trend of real estate firms tapping debt markets for growth  
• Shraddha Prime Projects seeks to diversify funding sources and strengthen its financial resilience  

This development underscores the company’s proactive approach to capital management and its commitment to sustaining growth in India’s competitive real estate sector.  

Sources: Reuters, Economic Times, Moneycontrol