Announced Tue, 30 Jun · 11:12 IST
Lodha Developers allots 300 crore rupees of secured NCDs at 8.28 percent
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
₹946.30
base price
In-mkt
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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.