D S Kulkarni Developers to tap Rs 100 cr via NCDs

Pune-based realty developer D S Kulkarni Developers Ltd said on Friday that it will raise Rs 100 crore by issuing secured non-convertible debentures (NCDs) on August 4.The company plans to use the proceeds of the issue to finance its projects under development, D S Kulkarni Developers Executive Director Shirish Kulkarni said. The NCDs will offer four investment options. For options I, II and IV, the minimum application size will be five NCDs aggregating Rs 25,000 (face value Rs 5,000), while for option III the size is one NCD of size... Published By: Deccan Herald - Business - 4 days ago
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