Signature Global (India) Ltd., one of India’s leading real estate developers, on Tuesday announced that it has successfully raised `8.75 billion through a private placement of Non-Convertible Debentures (NCDs) to the International Finance Corporation (IFC), the private sector lending arm of the World Bank Group.
The NCDs, rated ‘A+ Stable’ by Care Edge Ratings, have already been listed on the Bombay Stock Exchange (BSE), marking Signature Global’s first-ever listed debt transaction. The three-year, two-month and 30-day NCDs carry a coupon rate of 11 per cent and are set to mature on 15 January 2029.
The proceeds from this maiden listed debt issuance will be utilised to develop mid-income and environmentally sustainable (ESG-aligned) housing projects across key urban centres, while a portion will be directed towards reducing existing debt.
Speaking on the announcement, Pradeep Aggarwal, Founder and Chairman of Signature Global (India) Ltd., expressed gratitude for IFC’s trust. He called it a major milestone for the company’s growth trajectory. Aggarwal emphasised that since the company’s inception, they have focused on customer satisfaction, delivery and transparency. He also credited IFC’s faith in their business to the strength of their vision and operational discipline. The funds will further strengthen their mission of developing mid-income and ESG-aligned projects.
As of the first quarter of FY 2025–26, the company boasts a robust project pipeline, comprising 17.1 million sq. ft. of recently launched projects, 9.2 million sq ft. of ongoing developments and an additional 24.5 million sq. ft. slated for rollout over the next two to three years.
