Brigade Enterprises Plans To Raise ₹1,500 Crore Through NCDs

Brigade Enterprises Ltd’s board has approved a proposal to raise up to ₹1,500 crore through non-convertible debentures (NCDs), as per exchange filings. The fundraising will be carried out in one or more tranches via private placement. This is subject to necessary regulatory and statutory clearances.

The company stated that the NCDs may be listed, though this will be decided by the board or its committee at the time of allotment. The exchange filing did not specify a timeline for the issue or the potential use of proceeds.

Expansion in Chennai

In May 2025, Brigade Enterprises acquired a land parcel in Chennai for ₹441.7 crore. The plot spans 5.41 acres and is located on Velachery Road. The land is being developed into a residential or mixed-use project.

The decision to raise capital through privately placed NCDs gives the company access to debt markets without a public offering. The exact structure, tenure, and interest rate of the debentures have not been disclosed yet.

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Brigade Enterprises Share Price Performance

As of 9:44 AM on July 15, 2025, Brigade Enterprises share price was trading at ₹1,082.80, a 0.19% decrease. The company's stock has seen a decline of 13.88% over the past 12 months. On a year-to-date basis, the fall stands at 12.72%. 

Conclusion

Brigade Enterprises is moving forward with plans to raise ₹1,500 crore through non-convertible debentures. The board’s approval marks the first step, while details related to the issue and its timing remain to be finalised.

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