India’s Vipul to sell Rs. 1.5 billion of 0% debentures via Edelweiss

By Tali Rackner

Minneapolis, Aug. 23 – Vipul Ltd. informed the Bombay Stock Exchange that it entered into an agreement with Edelweiss Commodities Services Ltd. to raise Rs. 1.5 billion of funds through zero-coupon, secured, redeemable, unlisted non-convertible debentures.

Proceeds from the 54-month debentures will be utilized for the company’s flagship project “Aarohan Residences,” a residential project on the Golf Course Road in Gurugram.

The real estate developer is based in New Delhi.

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