Announced Tue, 30 Jun · 11:20 IST
Lodha Developers allots 300 crore rupees NCDs at 8.28 percent coupon
Fund Raising View source PDF
LODHA · price
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Price reaction · full curve 14 horizons · vs prior close
+5.7%1-day move
₹939.10
prior close
₹948.00
base price
In-mkt
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AI summary
Lodha Developers allotted 30,000 secured, listed, senior, redeemable non-convertible debentures of 1 lakh rupees each, totaling 300 crore rupees, via private placement. Coupon is benchmark-linked (3-month T-Bill plus 3.03 percent spread), currently 8.28 percent annually, paid half-yearly. Tenure runs from June 30, 2026 to February 15, 2030. NCDs will list on NSE wholesale debt market with first-ranking charge on certain company assets.
Likely market impact
Raises 300 crore rupees via debt at market-linked rate; secured borrowing adds repayment obligation but avoids equity dilution.