Advertisement
Lodha Developers Ltd. has raised INR 300 crore by issuing non-convertible debentures on a private placement basis for business growth. Approved by the Board's executive committee on Tuesday, the debentures carry a 7.96% interest rate and will be redeemed at par after three years. The Mumbai-based firm, a leading real estate company, plans to list these debentures on the BSE's Wholesale Debt Market. This move aligns with its strategy to fund development across housing, commercial, and warehousing projects in key markets like MMR, Pune, and Bengaluru.
Realty firm Lodha Developers has recently raised capital through the issuance of debentures. On Tuesday, July 8, the company made this announcement in a regulatory filing. This move supports its ongoing business growth, impacting the real estate market in India, by offering non-convertible debentures on a private placement basis. Advertisement
The company has raised INR 300 crore. The executive committee of its Board of Directors approved the allotment of these non-convertible debentures. These debentures carry an interest coupon rate of 7.96%. They will be redeemed at par, meaning at their face value, at the end of three years from the date of allotment. These debentures are scheduled to be listed on the Wholesale Debt Market segment of BSE.
Lodha Developers, known before as Macrotech Developers Ltd, is a real estate firm in the country. It has a significant presence in the Mumbai Metropolitan Region (MMR), Pune, and Bengaluru markets. The company develops housing, commercial, and warehousing projects.
Raising funds through debentures on a private placement basis is a method real estate companies use to secure capital for business expansion, particularly for large-scale projects. This type of fundraising allows companies to finance their growth without immediately diluting equity and provides a fixed-income investment opportunity for institutional investors.
Source: PTI
5th Jun, 2025
25th May, 2023
11th May, 2023
27th Apr, 2023
Advertisement
Facebook
Whatsapp
