Lodha Developers raises Rs 300 cr through debentures to fund biz
Lodha Developers
has raised Rs 300 crore by issuing debentures on a private placement basis for
business
growth.
In a regulatory filing on Tuesday, the company informed that the executive committee of the Board of Directors has approved the allotment of non-convertible debentures, aggregating to Rs 300 crore on a private placement basis.
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The debentures, with an interest
coupon rate
of 7.96 per cent, will be redeemed at par at the end of the 3 years from the date of allotment.
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Lodha Developers raises Rs 300 cr through debentures to fund biz
Realty firm Lodha Developers has raised Rs 300 crore by issuing debentures on a private placement basis for business growth.
Edelweiss Financial Services launches Rs 300 crore NCD issue with yield up to 10.5%
Tariff deadline looms, but bond investors stay calm
India bonds stuck in narrow range despite rise in US peers
Stable Indian government bond yields push investors towards more attractive corporate debt
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These debentures will be listed on the Wholesale
Debt
Market segment of BSE.
Lodha Developers, erstwhile Macrotech Developers Ltd, is one of the leading real estate firms in the country. It has a significant presence in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru markets.
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The company develops housing, commercial and warehousing projects.
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