Puravankara Allots ₹25 Crore NCDs, Completing ₹300 Crore Fundraising
Puravankara Limited completed its NCD fundraising by allotting ₹25 crore as the final tranche on October 09, 2026. This brings the total fundraising to ₹300 crore. The NCDs mature on June 18, 2030.
The fundraising amount of ₹300 crore is significant for the company and will likely impact its financial leverage and ability to fund future projects.
The company has successfully completed its planned fundraising through the issuance of NCDs, which is generally positive for financial flexibility and growth.
Puravankara Limited has announced the final allotment of Non-Convertible Debentures (NCDs) on a private placement basis. The Management Sub-Committee of the Board approved the allotment of 250 unlisted, unrated, senior, secured, redeemable, non-convertible debentures. Each debenture has a face value of ₹10,00,000 (Ten Lakhs Rupees).
This allotment, amounting to ₹25,00,00,000 (Twenty-Five Crores Rupees), represents the fourth and final tranche of the company's fundraising initiative. The total fundraising through this NCD issuance is up to ₹300,00,00,000 (Three Hundred Crores Rupees). The allotment was made to identified investors on October 09, 2026.
The NCDs have a maturity date of June 18, 2030. The detailed terms regarding coupon/interest, principal payment schedule, security created, and other special rights or privileges are set out in the relevant PAS-4 document circulated to the identified investors.
What to do with a filing like this
Puravankara Limited filed this with the NSE as a statutory disclosure, categorised under debt fundraising. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Puravankara Limited. Read the original for the full detail.