Macrotech Developers Limited has informed the Exchange regarding allotment of 30000 securities pursuant to Non Convertible Securities at its meeting held on July 8, 2025
LODHA · price
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Lodha Developers has allotted 30,000 senior, secured, redeemable, listed NCDs of ₹1 lakh each, totalling ₹300 crore, on a private placement basis. The debentures carry a coupon of 7.96% per annum, payable quarterly starting September 30, 2025, and have a 3-year tenor maturing on July 7, 2028. They will be listed on the Wholesale Debt Market segment of BSE and are backed by a first-ranking charge on certain company assets. The allotment was approved by the Executive Committee of the Board on July 8, 2025.
The company has raised ₹300 crore of debt funding at a competitive rate of 7.96%, suggesting good credit standing. For equity shareholders, this is a modest increase in leverage but should not materially affect the stock in the short term.