Omaxe Limited has informed the Exchange regarding intimation under Regulation 30 of SEBI (LODR) Regulations, 2015
OMAXE · price
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Awaiting price reaction for this filing.
Omaxe Limited's wholly owned step-down subsidiary, Bhanu Infrabuild Private Limited, has received board approval to issue up to 1,900 Senior, Secured, Rated, Listed, Redeemable, Guaranteed Non-Convertible Debentures (NCDs). The face value of each NCD is ₹1,00,000, aggregating to a total issue size of up to ₹19 crore. The NCDs will be issued on a private placement basis to proposed investors. The coupon rate and tenure details are not mentioned in the filing.
This is a relatively small debt raise (₹19 crore) by a step-down subsidiary and is unlikely to materially impact the parent company's stock price. Shareholders should note incremental debt at the subsidiary level, but the amount is modest relative to Omaxe's overall scale.