Macrotech Developers Limited has informed the Exchange regarding allotment of 20000 securities pursuant to Non Convertible Securities at its meeting held on Jun 06, 2025
LODHA · price
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Macrotech Developers (Lodha) has allotted 20,000 secured, listed, senior, redeemable, taxable, transferable non-convertible debentures of face value ₹1,00,000 each, aggregating to ₹200 crore. The NCDs carry an interest rate of 8.14% per annum, payable quarterly starting September 30, 2025, with a 3-year tenure maturing on June 05, 2028. The instruments will be listed on the Wholesale Debt Market segment of BSE and are secured by a first-ranking charge on certain company assets. Redemption will be in 9 quarterly instalments starting June 30, 2026. The allotment was approved by the Executive Committee of the Board on June 06, 2025.
The company is raising ₹200 crore through private placement of secured NCDs at 8.14%, adding to its existing debt stack. This is a relatively small raise compared to the company's scale and is unlikely to materially impact the stock, though it signals continued reliance on debt financing for business operations.