New Delhi, Oct. 28 -- Realty major Signature Global has successfully raised Rs.8.75 billion through a private placement of Non-Convertible Debentures (NCDs) with the International Finance Corporation (IFC), a member of the World Bank Group, it said in a stock exchange filing on Tuesday. This strategic financial move is aimed at bolstering the company's efforts in developing mid-income and sustainable housing projects.

The funds raised through this transaction will not only support the development of environmentally conscious housing projects but also aid in reducing the company's existing debt. The NCDs have been assigned an 'A+' stable rating by CareEdge Ratings and are already listed on the Bombay Stock Exchange (BSE), the company said...