Chennai, Jan. 8 -- City-based real estate player DRA Homes has entered into a strategic Rs. 250 crore secured debt platform with Yubi, the world's only AI-powered Operating System for financial services, to strengthen its land acquisition inventory across high-growth residential micro-markets.
The platform will be structured as secured Non-Convertible Debentures (NCDs), with proceeds allocated exclusively to land acquisition, DRA Homes said.
Aspero, a leading regulated online bond platform provider (OBPP), will enable DRA to access the capital markets and raise funds from a broad investor base.
Yubi Group will power the structuring, issuance, and distribution of the NCDs through its integrated capital markets technology platform and deep...