Ashiana to raise Rs 20crore via pvt placement of NCDs
Delhi-based realty firm Ashiana Housing on Tuesday said it plans to raise Rs 20 crore through private placement of non-convertible debentures (NCDs).
According to a published report, “The executive committees of directors have passed the resolution for allotment of secured non-convertible debentures on private placement for an amount of Rs 20 crore,” Ashiana Housing said in a regulatory filing.
The fund has been raised at 11 per cent interest rate.
The report said Ashiana Housing had last year raised Rs 200 crore from global investors Goldman Sachs and Creador through issuance of qualified institutional placement.
The company focuses on the development of homes for senior citizens. It has projects in Jaipur, Bhiwadi, Sohna-Gurgaon, Neemrana, Chennai, Kolkata and Jamshedpur. That apart, the company is developing houses in Lavasa township project.
52% NRIs see Indian commercial properties emerging as a new asset class
The Indian real estate segment demonstrates an upward trajectory with the projection to exhibit a growth rate of 9.2% CAGR...
Welspun Gp acquires Sintex BAPL
Mumbai, March 30, 2023: Welspun Group has acquired the plastic industry market leader, Sintex. Sintex’s auto business already has a...
Naiknavare Developers launches Avasa, new vertical of structured plots; commences e-commerce platform designed for plotting
Pune, March 30, 2023: Naiknavare Developers, renowned for its well-thought-out community-centric residential and commercial projects in Pune, Mumbai, and Goa, today announced it...
Residential demand up 14.2%, supply grew 1.9% YoY: Magicbricks PropIndex Report, Jan-Mar’23
New Delhi/Noida, March 30, 2023: Continuing on the path of resilience and overall growth, India’s residential demand increased 14.2% and...
Mahindra Life transacts with Alliance Gp for 9.24 acres at Mahindra World City, Chennai
New Delhi, March 29, 2023: Mahindra Lifespace Developers Ltd. (MLDL), the real estate and infrastructure development business of the Mahindra...
TVS Emerald, HDFC Cap create Rs 1000 cr platform for plotted development projects
Chennai, Bangalore, March 29, 2023: Emerald Haven Realty Ltd (“TVS Emerald”), has signed a term sheet with HDFC Capital Affordable Real Estate Fund...