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Poddar Housing gets nod to raise Rs 50 crore via NCDs

Poddar Housing and Development has received approval to raise funds aggregating up to Rs 50 crore through issuance of the 50,000 secured, Unrated, redeemable, unlisted, Non-Convertible Debentures (NCDs) of a face value of Rs 10,000 each on private placement basis.

The Board of Directors of the Company at its meeting held on January 08, 2019 approved the Private Placement Offer Letter (PAS-4) for the same.

Poddar Housing and Development (formerly Poddar Developers) is a real estate development company. The company is engaged in the housing segment of the real estate sector.

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