Ashiana Housing has successfully raised ₹43.25 crore through the allotment of 4,325 un-secured, redeemable, non-convertible debentures (NCDs) on a private placement basis. Each debenture is valued at ₹1 lakh.
The company announced that the debentures, which carry a 7% annual interest rate, will be listed on the Bombay Stock Exchange (BSE). The interest on these debentures will be paid monthly, as per the terms outlined in the Debenture Trust Deed dated 10th April 2026.
The debentures have a tenor of 20 years, providing long-term funding for Ashiana Housing. This strategic move is part of the company’s efforts to secure capital for its ongoing and future projects.
The allotment was approved by the Executive Committee of the Board of Directors during their meeting held on 24th April 2026. The debentures have been allocated to Clover Technologies Private Limited.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).