NEW DELHI: Realty firm Signature Global Ltd has successfully raised Rs 875 crore through the issuance of non-convertible debentures (NCDs) aimed at repaying existing debt and fostering business expansion.
The company announced in a regulatory filing on Friday that its debenture committee has approved the allocation of 87,500 NCDs, each with a face value of Rs 1 lakh, amounting to a total of Rs 875 crore, under private placement.
Although Signature Global did not disclose the identities of the investors who subscribed to these NCDs, the committee had previously approved the issuance terms.
The NCDs will carry a coupon rate of 11 percent and have a tenure of 3 years, 2 months, and 30 days, maturing on January 15, 2029.
A company official stated that the funds raised will be allocated for debt repayment and business growth capital.
Based in Gurugram, Signature Global is among the leading real estate developers in India.
In the 2024-25 fiscal year, the company positioned itself as the fifth-largest listed real estate firm by sales bookings, achieving Rs 10,290 crore in property sales and aiming for Rs 12,500 crore in pre-sales this financial year.
However, during the April-September period of 2025-26, the company reported a 21 percent decrease in sales bookings, totaling Rs 4,650 crore compared to Rs 5,900 crore in the same period the previous year, according to their latest operational update.
Signature Global Chairman Pradeep Kumar remarked, “With a comprehensive launch plan and a disciplined financial strategy, we are confident in sustaining growth momentum in the upcoming quarters and meeting our annual performance goals across key metrics, including pre-sales, collections, and net debt.”
The company has delivered 15.7 million sq ft of real estate to date and has a strong project pipeline, including 17.1 million sq ft of newly launched projects, 24.5 million sq ft of upcoming developments, and 9.2 million sq ft under construction.
