Embassy Developments has announced that a board committee meeting will be held on January 29, 2026, to consider and approve raising funds through the issuance of non-convertible debentures. This decision aims to diversify the company’s funding sources and support future growth initiatives. The debentures will be issued in one or more tranches, subject to regulatory approvals. The details of the issuance, including the amount and terms, will be determined during the meeting.
Planned Fund Raising
A committee meeting of the Board of Directors of Embassy Developments is scheduled for January 29, 2026. The primary agenda is to discuss and potentially approve the raising of funds.
Proposed Issuance of Debentures
The fund raising will occur through the issuance of non-convertible debentures. These debentures may be offered in one or multiple tranches, providing flexibility in the fund-raising approach. The specific details of the issuance, including the amount, interest rate, and other terms, will be decided at the board meeting. The issuance is subject to applicable regulatory and statutory approvals.
Source: BSE
