Realty firm Signature Global Ltd has raised Rs 875 crore through issue of non-convertible debentures (NCDs) to World Bank's lending arm IFC for development of mid-income housing projects and reduce debt.

Gurugram-based Signature Global is one of the leading real estate developers in the country. The company had sold properties worth Rs 10,290 crore last fiscal to become the fifth largest listed realty firm in terms of sales bookings.

"We have raised Rs 875 crore from private placement of NCDs with International Finance Corporation (IFC), " Signature Global Chairman Pradeep Kumar Aggarwal told reporters here.

After the successful Initial Public Offering and listing of the shares on bourses, he said the company has achieved another major milestone by raising funds from IFC.

Recently, a d

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