FCC

Kalpataru Raises Rs.15 Million via NCDs

2024-02-09

In a significant financial move, Kalpataru Projects International has successfully raised Rs 150 crore (equivalent to ?15 million) through Non-Convertible Debentures (NCDs). This funding infusion is aimed at bolstering the company's efforts in the realm of urban infrastructure development. The decision to opt for NCDs as a financial instrument underscores the company's strategic approach to diversifying its capital structure.

The raised capital will be instrumental in advancing ongoing urban infrastructure projects, fostering sustainable development, and contributing to the enhancement of overall urban living standards. This financial manoeuvre positions Kalpataru Projects International for continued growth and resilience in the dynamic landscape of construction and infrastructure.

This move aligns with the company's commitment to innovation and sustainable urban development. The successful fundraise reflects confidence from investors in Kalpataru Projects' vision and strategic direction. As the urban infrastructure sector continues to evolve, this financial injection equips the company to play a pivotal role in shaping the future of urban spaces.