Medine’s Rs 1.4 Billion Fundraising: A Financial Triumph!

Medine has raised Rs 1.4 billion through the issuance of bonds, exceeding its target of Rs 1 billion.

This successful fundraising provides the group with a solid long-term financial foundation.

The bonds, which received a ‘CARE MAU A; Stable’ rating, allow Medine to negotiate favorable rates and competitive financing conditions for its real estate projects.

The oversubscription of the issuance by Rs 400 million reflects the confidence of local investors in Medine’s management and supports their financial strategy.

The group is optimistic about the future, as this fundraising positions them for a strong and sustainable financial future.

Source: Defi Media