Omaxe Limited has informed the Exchange regarding 'Intimation under Regulation 30 of SEBI LODR Regulations, 2015'.
OMAXE · price
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Omaxe Limited's wholly owned subsidiary, Omaxe New Chandigarh Developers Private Limited, has raised Rs. 431 Crore via private placement of 43,100 unlisted, senior, secured, redeemable non-convertible debentures (NCDs) at a face value of Rs. 1 Lakh each. The funds were raised from OCM India Opportunities XII Alternate Investment Fund Scheme I. The filing was made under Regulation 30 of SEBI LODR Regulations to disclose this material development to the exchanges.
This is a positive development for shareholders as the subsidiary has successfully secured significant funding, likely supporting its project pipeline and growth plans. The involvement of an alternate investment fund suggests institutional confidence, though NCD issuance adds to the subsidiary's debt obligations.