Puravankara secures ₹750m in second debenture allotment

Puravankara Limited announced the allotment of 750 unlisted, unrated, senior, secured, redeemable non-convertible debentures (NCDs) via a private placement. Each debenture has a face value of ₹1,000,000, bringing the total raised in this second tranche to ₹750,000,000. This follows an earlier intimation on May 16, 2025, regarding a broader fundraising initiative up to ₹3,000,000,000.

The allotment was approved by the management sub-committee of the board through a circular resolution dated November 20, 2025. These NCDs are part of a larger plan to issue 3,000 such debentures, with this second tranche bringing the aggregate amount to ₹750,000,000. The debentures have a tenure of 60 months from the deemed date of first allotment, June 20, 2025.

This is the second tranche of NCDs, following an initial allotment of 500 NCDs totaling ₹500,000,000 approved on June 20, 2025.