Macrotech Developers, the powerhouse behind the Lodha brand, is gearing up for a massive boost! They’re set to raise a whopping ₹125 crore through non-convertible debentures (NCDs). The executive committee of the Board of Directors gave the green light for the allotment of 12,500 NCDs, each valued at ₹1 lakh. This move promises to fuel their ambitious projects and propel them further into the realm of real estate dominance. Stay tuned for the unfolding of this exciting venture!
In an exciting development, Mumbai’s real estate giant, Macrotech Developers Ltd, unveils its strategy to raise ₹125 crore through the issuance of non-convertible debentures (NCDs). The company’s executive committee, in a recent meeting, greenlit the allotment of 12,500 NCDs valued at ₹1 lakh each, reflecting a significant move in the financial landscape.
This decision, ratified on March 28, 2024, underlines Macrotech Developers’ commitment to fueling its expansion and growth trajectory. By leveraging NCDs, the company aims to secure funds for its ambitious projects and further strengthen its position in the competitive real estate market.
According to regulatory filings, these debentures, categorized as rated, listed, senior, secured, redeemable, taxable, and transferable, will be instrumental in financing Macrotech Developers’ strategic initiatives. The move aligns with SEBI’s regulations, specifically Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
This announcement marks a pivotal moment for Macrotech Developers as it propels itself towards new heights of success and innovation. Stay tuned for more updates as the company continues to chart its course in the dynamic world of real estate financing.
Macrotech Developers plans to use the ₹125 crore raised from non-convertible debentures (NCDs) to fuel its ambitious projects and strengthen its position in the real estate market.
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Macrotech Developers is issuing 12,500 non-convertible debentures (NCDs).
Each NCD issued by Macrotech Developers is valued at ₹1 lakh.
The decision to issue NCDs was ratified by Macrotech Developers' executive committee on March 28, 2024.
The debentures issued by Macrotech Developers are rated, listed, senior, secured, redeemable, taxable, and transferable.
Macrotech Developers' NCD issuance complies with SEBI's Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The NCD issuance is significant for Macrotech Developers as it is expected to propel the company towards new heights of success and innovation in the real estate sector.
Macrotech Developers is known for being a major player in the real estate industry, particularly under the Lodha brand.
The issuance of NCDs aligns with Macrotech Developers' growth strategy by allowing the company to secure funds necessary for its expansion and strategic initiatives.
Investors can expect the NCDs issued by Macrotech Developers to be a secure investment, as they are categorized as senior, secured, and redeemable.
Macrotech Developers is planning to raise ₹125 crore through the issuance of non-convertible debentures (NCDs).
Macrotech Developers will issue 12,500 non-convertible debentures, each valued at ₹1 lakh.
The purpose of issuing these debentures is to secure funds for Macrotech Developers' ambitious projects and to support their expansion in the real estate market.
The decision to issue the debentures was ratified on March 28, 2024.
The debentures are rated, listed, senior, secured, redeemable, taxable, and transferable.
This move aligns with SEBI's regulations, specifically Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Macrotech Developers is the powerhouse behind the Lodha brand.
This debenture issue marks a pivotal moment for Macrotech Developers as it aims to propel itself towards new heights of success and innovation in the real estate industry.
The funding from the debentures is expected to significantly fuel Macrotech Developers' ambitious projects and strengthen their market position.
Yes, more updates are expected as Macrotech Developers continues to chart its course in the dynamic world of real estate financing.
Macrotech Developers plans to raise ₹125 crore through the issuance of non-convertible debentures (NCDs) to fuel its ambitious projects and strengthen its position in the real estate market.
Macrotech Developers will issue a total of 12,500 non-convertible debentures.
Each non-convertible debenture (NCD) will be valued at ₹1 lakh.
The decision to issue the NCDs was ratified on March 28, 2024.
The debentures being issued are rated, listed, senior, secured, redeemable, taxable, and transferable.
The issuance of these NCDs complies with SEBI's Regulations 30 and 51 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
The funds raised from the NCDs will be used to finance Macrotech Developers' strategic initiatives and ambitious projects.
This NCD issuance marks a pivotal moment for Macrotech Developers, propelling the company towards new heights of success and innovation in the real estate sector.
The executive committee of the Board of Directors approved the issuance of the NCDs.
This move indicates Macrotech Developers' commitment to expanding and growing in the competitive real estate market.
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