In August, the board had made an enabling approval for raising of funds, by issue of NCDs, bonds and/or other debt securities on a private placement basis, in one or more tranches, for an amount not exceeding Rs 2,000 crore.
The committee took note of the letter from BSREP II India Office Holdings II Pte Ltd (a member of the sponsor Group) expressing their support towards the closure of the acquisitions of Kairos Property Managers and Candor Gurgaon One Realty Projects.
The tenue of the instrument, date of allotment and date of maturity will be determined by the Committee for each Tranche at the time of finalization of the terms of such Tranche.