Mumbai: Real estate developer Signature Global has received board approval to raise ₹875 crore through secured, listed redeemable non-convertible debentures (NCDs) on a private placement basis.
The capital raise, expected to be completed by August 2025, aims to support both debt refinancing and future business growth.
According to the company, approximately ₹450 crore from the proposed funding will be allocated to refinance existing debt, while the remainder will be invested in expanding operations and accelerating project execution.
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The fundraising initiative is subject to shareholder approval, for which a postal ballot notice has also been approved by the board.
Pradeep Kumar Aggarwal, Chairman of Signature Global, stated: “We have secured board approval and will now move to seek shareholder consent. This fundraising is a strategic step toward strengthening our financial foundation while fueling our expansion plans across the premium and mid-income housing segments.”
The board has additionally approved resolutions to enhance borrowing limits, increase the limit for creating security, and amend the Articles of Association, positioning the company for long-term strategic flexibility.
Signature Global: Fifth Largest Listed Real Estate Company
Headquartered in Gurugram, Signature Global has rapidly evolved from an affordable housing developer into a leading player in the mid-income and premium residential segments. The shift is driven by rising land acquisition costs and increasing demand for aspirational housing in the Delhi NCR region.
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In FY 2024–25, Signature Global emerged as the fifth-largest listed real estate company in India by sales bookings, clocking ₹10,290 crore in property sales.
For the current financial year, the company has set an ambitious pre-sales target of ₹12,500 crore, reflecting strong market traction and robust project pipeline momentum.
This latest NCD issuance underscores Signature Global’s continued focus on prudent capital management and strategic scaling in India’s fast-growing residential real estate market.
