Suraj Estate Developers raises Rs 343cr via preferential issue

Suraj Estate Developers raises Rs 343cr via preferential issue

Suraj Estate Developers Limited (SEDL), a prominent player in Mumbai’s real estate market, announced a successful capital raise of approximately Rs. 343 crores through a preferential issue. The fundraising consisted of Rs. 243 crores from equity shares and an additional Rs. 100 crores via convertible share warrants. This latest move underscores the company’s ambitions to […]

Suraj Estate Developers lands massive Rs 500cr windfall for expansion plans

Suraj Estate Developers lands massive Rs 500cr windfall for expansion plans

Suraj Estate Developers Limited has received shareholder approval to raise approximately Rs. 500 crore through a preferential issue of equity shares and convertible warrants. This decision, made during an Extraordinary General Meeting held via remote e-voting, marks a significant step for the Mumbai-based real estate company in bolstering its financial position for future growth and […]