Signature Global, a leading Gurugram-based real estate developer, has secured Rs 875 crore from the International Finance Corporation (IFC) through the issuance of nonconvertible debentures (NCDs).
This funding will be allocated towards developing housing projects and repaying high-cost debt, including Rs 470 crore for debt reduction. The company is confident of achieving its sales target of Rs 12,500 crore for FY26, backed by a strong pipeline of homes valued at Rs 14,000 crore over the next five months. Signature Global sold Rs 10,290 crore worth of properties last financial year and is on track to become a key player in the industry, with a total of 15.7 million sq. ft. delivered.
The debentures, with a coupon rate of 11 percent, will mature on 15 January, 2029. Signature Global had earlier raised equity funding of Rs 210 crore from IFC, which holds a one percent stake in the company.