Signature Global (India) Ltd, a leading real estate developer, has raised ₹875 crore through non-convertible debentures (NCDs) issued to the International Finance Corporation (IFC), a member of the World Bank Group.
Key Highlights
- Signature Global raises ₹875 crore from IFC through NCDs to fund new housing projects.
- The raised capital will support debt reduction and accelerate Signature Global’s affordable housing expansion in India.
The funds will be utilized to reduce existing debt and finance new mid-income and sustainable housing projects across key regions, particularly in the Delhi-NCR area.
According to the company, around ₹470 crore from the proceeds will go towards debt repayment, while the remainder will be used for project development aligned with environmental, social, and governance (ESG) principles.
The NCDs carry a coupon rate of 11% with a tenure of three years, two months, and thirty days, maturing on January 15, 2029. They have also been listed on the stock exchange, marking Signature Global’s first-ever listed debt instrument.
Also Read: Signature Global to Launch Homes Worth Rs 6,000 Cr in Gurugram: Chairman
The partnership with IFC not only provides long-term capital support but also reflects global confidence in India’s affordable and mid-income housing market. This strategic funding move strengthens Signature Global’s financial position and helps it accelerate its commitment to creating sustainable, community-focused housing solutions. The company aims to leverage this investment to enhance its portfolio and continue expanding its footprint in India’s fast-growing real estate sector.
