Vipul Limited, a leading Gurugram-based real estate developer today announced that the company has raised Rs. 150 crore from Edelweiss Group, one of India’s leading financial services company. The amount raised by Vipul ltd will be utilized for the further development of its luxurious housing project ‘Aarohan Residencies’ located on Golf Course Road in the heart of Gurugram
The company has entered into an agreement with Edelweiss Commodities Services Ltd for raising Rs. 150cr through issuance of secured, redeemable, unlisted, Non-Convertible Debentures (NCD). The NCD issued will be for tenure of 54 months.