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Embassy Developments secures Rs 105 crore in debentures via private placement maturing in 2028
22-Sep-2026, 07:11

Embassy Developments Limited, formerly Equinox India Developments Limited, announced the allotment of 10,500 rated, unlisted, secured, redeemable, taxable, non-convertible debentures with a face value of Rs 1,00,000 each, aggregating to Rs 105 crore, on a private placement basis. The allotment was approved by the company’s board committee on September 22, 2026, and is part of a larger approved issue size of up to Rs 160 crore. The debentures carry a cash coupon of 12.50% per annum payable semi-annually and will mature on September 22, 2028.