Realtor Sobha to raise Rs.1,000-Cr via NCDs

Bengaluru-based real estate developer Sobha plans to raise Rs.1,000-Cr through the issuance of non-convertible debentures (NCDs) via private placement. This fundraising move is intended to provide the developer with greater flexibility in managing its capital structure and liquidity amidst ongoing demand for residential projects.The funds raised are likely to be allocated towards refinancing existing debt, funding project development, supporting working capital, and facilitating business expansion.