Signature Global has successfully raised INR 8.75 billion through Non-Convertible Debentures (NCDs) via private placement with the International Finance Corporation (IFC). The funds will be used to develop mid-income, sustainable housing projects and to reduce existing debt. These NCDs are listed on BSE and are rated ‘A+’ by CareEdge Ratings. The NCDs will mature on January 15, 2029.
Funding Secured for Sustainable Housing
Signature Global (India) Ltd. has announced it raised INR 8.75 billion through a private placement of Non-Convertible Debentures (NCDs) to International Finance Corporation (IFC). This investment will support the development of sustainable housing projects, enhancing Signature Global’s commitment to responsible and community-focused development.
Use of Proceeds
The funds raised will be allocated to developing mid-income and sustainable housing projects, with a portion also designated to reduce existing debt. This strategic financial move enhances the company’s financial stability and enables further growth in alignment with its sustainability goals.
NCD Details and Market Impact
The NCDs, rated ‘A+’ stable by CareEdge Ratings, are listed on BSE. This marks Signature Global’s first listed debt transaction, strengthening its capital market presence. The NCDs have a tenure of 3 years, 2 months, and 30 days, maturing on January 15, 2029.
Strategic Vision and Sustainability Commitment
Signature Global is committed to delivering high-quality, sustainable mid-income housing projects and implementing robust ESG standards. The company aims to address the increasing demand for quality housing in Tier 1 and Tier 2 cities, estimated at 18 million additional units.
Partnership with IFC
IFC will provide GRIP (Greening Real Estate Investment Portfolios) advisory support to improve and enhance the company’s sustainability strategy and help reach EDGE (Excellence in Design for Greater Efficiencies) Advanced certification. With 17 projects now EDGE certified, Signature Global ranks high in India’s real estate industry for green building commitments. In a recent assessment by the Global Real Estate Sustainability Benchmark (GRESB), the company scored 84 on its debut, positioning it among the top-performing first-time participants globally.
Company Performance and Growth
In FY 2024-25, Signature Global ranked as the fifth-largest listed real estate developer based on sales bookings. The company achieved pre-sales of INR 102.9 billion and is targeting INR 125 billion in the current financial year. The company has a project pipeline of 17.1 million sq. ft. of recently launched projects, 9.2 million sq. ft. of ongoing projects, and 24.5 million sq. ft. of forthcoming developments.
Source: BSE
