Suraj Estate raises US$22.4M in fresh debenture placement

What's the deal? Suraj Estate DevelopersDealroom has a profile for this one. Try Dealroom → has raised US$22.4M through a private placement of non-convertible debentures. Its board management committee approved the issuance of 1,650 senior, secured, unrated, unlisted, redeemable and taxable debentures, each with a face value of US$13.6K, to eligible investors.

The details: The placement was announced on 10 August 2026. The debentures are senior, secured, unrated, unlisted, redeemable and taxable, according to the company.

Why now? The raise gives the listed developer access to debt capital without diluting equity, following a US$9.51M debenture programme referenced in earlier company disclosures.

Read more: Balaji Equities

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