Curation Team
NEW DELHI: Lodha Developers (formerly Macrotech Developers) has raised ₹300 crore through the allotment of 30,000 senior, secured, redeemable, listed non-convertible debentures (NCDs), according to a regulatory filing on Tuesday.
The debentures issued at a face value of ₹1 lakh each.
The NCDs carry an interest rate of 7.96% per annum, payable quarterly starting September 30, 2025, with maturity scheduled for July 7, 2028. The instrument is secured with a first-ranking charge on specified company assets, as outlined in the Key Information Document dated July 3, 2025.
In the event of a payment default, a default interest of 2% per annum over and above the applicable interest rate shall accrue on the unpaid sum from the date of occurrence of the default, as per the terms disclosed in the Key Information Document dated July 3, 2025.
