Signature Global , a major real estate company, has raised Rs 875 crore through the issue of non-convertible debentures (NCDs) to the World Bank ‘s lending arm, the International Finance Corporation (IFC). The company said that it is raising the capital for the development of mid-income green housing projects.

“We have raised Rs 875 crore from private placement of NCDs with International Finance Corporation,” Signature Global Chairman Pradeep Kumar Aggarwal said.

The Signature Global Chairman stated that, following the successful listing of the shares on the bourses, the company has achieved another significant milestone by raising capital from IFC.

Signature Global IFC deal details

Signature Global said that its debenture committee has approved the allotment of 87,500 NCDs, each wi

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