Samruddhi Realty is planning to raise INR 750 million through issuance of non-convertible debentures (NCDs) to Essel Finance. In this regard, the company has received its board's approval to issue non-convertible debentures of the face value of INR 100,000 to Essel Finance advisors and managers LLP. The company's board further decided not to list these new debentures on any stock exchange and therefore these will be unlisted debentures. The proceeds of this issue will partly be utilised for retiring the existing outstanding non convertible debentures issued to Reliance Capital and their associates.