Signature Global shares are in focus today after the real estate company announced plans to raise up to ₹875 crore through the issuance of Secured Listed Redeemable Non-Convertible Debentures (NCDs). The board of the company has approved the fundraise via private placement, which may be carried out in one or more tranches.
The move aims to refinance existing debt and support future business expansion.
Speaking to PTI, Signature Global Chairman Pradeep Kumar Aggarwal said, “We have taken the approval of the board to raise funds. We will also seek shareholders’ approvals.”
Signature Global shares opened at ₹1,264.60 and touched the same level as the day’s high. The stock slipped to a low of ₹1,245.00 during the session. Over the past year, the stock has traded between a 52-week high of ₹1,647.00 and a low of ₹1,010.80.
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