NEW DELHI: DRA Homes has launched a strategic ₹250 crore secured debt platform in partnership with Yubi Group to enhance its land acquisition portfolio.
This platform will consist of secured non-convertible debentures (NCDs), with funds earmarked solely for land acquisition.
Ranjeeth Rathod, managing director of DRA Homes, stated, “This collaboration helps us to institutionalize our land sourcing strategy using secured, non-dilutive capital while ensuring balance-sheet discipline.”
Aspero, an online bond platform provider, will facilitate DRA’s access to capital markets, enabling them to attract funds from a diverse investor base.
Yubi will support the structuring, issuance, and distribution of the NCDs via its integrated capital markets technology platform.
