Suvita Real Estates plans NCD issue to raise Rs 105 cr
Thu, Feb 8, 2024 2:36 PM

Suvita Real Estates plans NCD issue to raise Rs 105 cr

A Flip by Shubhangi Gupta
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Mumbai-based Suvita Real Estates, part of Shapoorji Pallonji Group, is planning to raise ₹105 crore through non-convertible debentures to repay its existing debt. The bonds offer high returns and have step-up pricing. The company will pay investors 17.25% for 12 months and 20.25% between 13 and 15 months, with the option to redeem at 12 months.

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