Lodha Developers Limited has informed the Exchange regarding allotment of 50000 securities pursuant to Non Convertible Securities
LODHA · price
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Lodha Developers has allotted 50,000 senior, secured, rated, listed, redeemable, taxable, transferable non-convertible debentures of ₹1 lakh each, aggregating to ₹500 crore. The NCDs carry an interest rate of 8.10% per annum, payable quarterly starting December 31, 2025. The tenor is 5 years, maturing on September 29, 2030, and the NCDs will be listed on the BSE Wholesale Debt Market segment. The issue is secured by a first-ranking charge on certain company assets, and any default will attract an additional 2% per annum penalty interest.
The company has successfully raised ₹500 crore through debt on attractive terms, which can be used to fund expansion or reduce higher-cost borrowings. The 8.10% coupon is competitive for a 5-year secured NCD, and the listing on BSE's debt segment provides liquidity. For shareholders, this is a modest debt addition that does not dilute equity, but overall leverage levels should be monitored.