Tag: Gaurs Group

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Gaurs Group Secures ₹440 Crore via Non-Convertible Debentures

NEW DELHI: Gaurs Group has successfully completed its inaugural public offering of non-convertible debentures (NCDs), raising ₹440 crore, and the issue has been fully subscribed. Three mutual funds participated in the subscription. The debentures were issued by Gaursons India, the parent company of Gaurs Group, and will be traded on the National Stock Exchange (NSE). Kotak Mahindra Bank served as the sole arranger for this transaction. “This gives us enhanced flexibility to foster growth while ensuring a sound capital structure,” remarked Sarthak Gaur, director of the company. The entire process was concluded over a span of nearly three months. The…

IndustryLatest Stories

Gaurs Group Purchases 12 Acres at Yamuna Expressway

Representative image created by AI NEW DELHI: Gaurs Group has acquired a 12-acre land parcel in Sector 22-D along the Yamuna Expressway to develop a residential project, with an investment of approximately ₹1,400 crore. Manoj Gaur, CMD of Gaurs Group, stated, “The Group has secured possession of the plot and is in the process of obtaining map sanctions and other necessary approvals. The project will go through the RERA registration process after receiving all requisite approvals, and sales will begin once the RERA registration number is obtained.” The upcoming development will feature ultra-luxury high-rise residences, with a projected topline of…