Signature Global, a prominent real estate developer based in Gurugram, has announced its plan to raise up to ₹875 crore through Secured Listed Redeemable Non-Convertible Debentures (NCDs) on a private placement basis. This fundraising initiative, approved by the company’s board, will occur in one or more tranches and is targeted to be completed by August 2025, pending shareholder approval.
According to Chairman Pradeep Kumar Aggarwal, around ₹450 crore of the funds will be utilized to refinance existing debt, while the remaining amount will support the company’s future growth and expansion plans. The board has also approved a postal ballot to seek shareholder approval for issuing NCDs, increasing borrowing limits, creating security, and modifying the company’s Articles of Association.
Signature Global, originally focused on affordable housing, has been shifting its attention to mid-income and premium housing segments due to the rising land costs in Gurugram. The company witnessed strong performance in FY 2024–25, becoming the fifth-largest listed real estate firm by sales bookings, with ₹10,290 crore in property sales. It aims to achieve ₹12,500 crore in pre-sales during FY 2025–26.
