Lodha Developers allots 300 crore rupees of secured NCDs at 8.28 percent

Fund Raising View source PDF Explain this filing

LODHA · price

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Price reactionminutes from the announcement price · days from the prior close

+1.9%Reaction day

₹939.10

prior close

₹946.30

announcement price

In-mkt

timing

Nifty 100market-0.2%+2.1% vs market

Residential Commercial Projects peers, median of 65sector+0.6%+1.2% vs sector

On the reaction day the stock moved 2.1 pts more than Nifty 100 and 1.2 pts more than its Residential Commercial Projects peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

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Reaction day

+1.9-0.2+2.1+0.6+1.2

Next day

+5.7+0.4+5.4+1.3+4.4

+6.6+1.0+5.6+1.3+5.4

+12.9+1.3+11.6+2.1+10.8

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+27.8+0.1+27.7+0.6+27.2

15d

+27.9+1.1+26.8+1.3+26.6

+37.2+1.6+35.6-0.4+37.5

+27.6+1.0+26.6+1.6+26.0

+20.9-5.0+25.8-2.9+23.8

UpDownMarket · Nifty 100Sector · Residential Commercial Projects peers, median of 65Pending

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AI summary

Lodha Developers allotted 30,000 secured, redeemable, non-convertible debentures of Rs 1 lakh each, totalling Rs 300 crore, on private placement basis. Coupon is floating at 3-month T-Bill plus 3.03 spread, currently 8.28 percent annually, paid half-yearly. Tenure runs from June 30, 2026 to February 15, 2030, and the NCDs will list on the NSE wholesale debt market segment. Backed by first-ranking charge on certain company assets.

Likely market impact

Adds Rs 300 crore to company debt at floating 8.28 percent rate. No equity dilution as these are non-convertible debentures.