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 step-wholly owned subsidiary, M/s Secure Properties Private Limited, has raised Rs. 40 crore through private placement. The subsidiary issued 400 Unlisted, Unrated, Senior, Secured, Redeemable Non-Convertible Debentures (NCDs) with a face value of Rs. 10 lakh each. The NCDs were placed privately, meaning they were sold to select investors without a public offering. No details about the coupon rate or yield were provided in the filing since the NCDs are unrated.
This is a debt-raising exercise by a subsidiary and does not directly impact Omaxe Limited's equity. However, it indicates the group is actively borrowing, and shareholders should monitor whether this increases the overall group leverage or is intended to fund specific subsidiary operations.