Signature Global Secures Major Funding for Green Housing Initiative

Real estate giant Signature Global Ltd has successfully raised Rs 875 crore through non-convertible debentures from the International Finance Corporation (IFC) to bolster its green housing initiatives targeting mid-income families. This move marks a significant milestone following the company's recent IPO and is expected to promote sustainable development in the realty sector.

The Gurugram-based firm, which achieved Rs 10,290 crore in property sales last fiscal, currently ranks among the top five listed realty companies in terms of sales bookings. According to Chairman Pradeep Kumar Aggarwal, the funds from IFC will support the company's ambitious project pipeline and facilitate the repayment of existing debts.

The NCDs, carrying an 11% coupon rate, are set to mature on January 15, 2029. With plans to achieve Rs 12,500 crore in sales bookings by the 2025-26 fiscal year, Signature Global is poised to maintain its growth momentum through strategic launches and financial discipline, as evidenced by its extensive portfolio of ongoing and forthcoming developments.