Embassy Developments approves ₹160 crore fundraise through non-convertible debentures

Embassy Developments Ltd approved a ₹160 crore fundraise through non-convertible debentures on a private placement basis.

The debentures will have a face value of ₹1 lakh each and may be issued in one or more tranches, secured by a charge on company assets.

The company's board-constituted committee will decide on tenure, interest rate, and principal repayment terms at the time of issuance.

Embassy Developments' shares ended at ₹53.87 on the BSE, down 1.80% on September 19.