Signature Global Secures Rs 8.75 Billion from IFC for Real Estate Expansion

Signature Global (India) Ltd., a significant player in the real estate market, announced on Tuesday the successful raising of Rs 8.75 billion through a private placement of Non-Convertible Debentures (NCDs) to the International Finance Corporation (IFC), a branch of the World Bank. This marks the company’s inaugural listed debt transaction on the BSE, bolstering its capital market presence.

The NCDs, boasting a robust 'A+' stable ratings from Care Edge Ratings, carry an 11% coupon rate and are due to mature on January 15, 2029. Signature Global plans to channel these funds into developing mid-income housing and projects aligned with Environmental, Social, and Governance (ESG) criteria, alongside reducing some of its existing debt load.

Pradeep Aggarwal, the Founder and Chairman of Signature Global (India) Ltd., expressed gratitude to IFC, highlighting the institution's trust as a validation of the company's strategic direction. Notably, 19 of the company's projects have received EDGE certification, and its ESG commitment has been acknowledged by the Global Real Estate Sustainability Benchmark (GRESB). In FY 2024-25, the company is ranked fifth among listed real estate developers by sales bookings, with ambitious plans for growth.