Key Quantitative Figures
- Total Issue Size: ₹300 Crore
- Number of Instruments: 30,000 Debentures
- Face Value per Debenture: ₹1,00,000
Dates of Action
- Date of Allotment: June 30, 2026
- Date of Maturity: February 15, 2030
- First Interest Payment Date: August 15, 2025
- Final Interest Payment Date: February 15, 2030 (coincides with maturity)
Parties Involved
- Issuer: Lodha Developers Limited (Formerly known as Macrotech Developers Limited)
- Approving Authority: Executive Committee of the Board of Directors
- Stock Exchange for Listing: National Stock Exchange of India Limited (Wholesale Debt Market segment)
Instrument Details
- Type: Rated, Listed, Senior, Secured, Redeemable, Taxable, Transferable, Non-Convertible Debentures (NCDs)
- Placement Basis: Private Placement
- Coupon Rate: Benchmark (5 day average of 3-Month Treasury Bill) + Spread of 3.03%, currently 8.28% per annum
- Interest Payment Frequency: Half-yearly
- Security: First ranking charge over certain assets (as described in the Key Information Document dated June 24, 2026)
- Default Interest: In case of default, interest shall accrue on unpaid sums at 2% per annum over the applicable interest rate.
Redemption Details
The NCDs will be redeemed in accordance with the Debenture Trust Deed executed between the issuer and the Debenture Trustee.
#Tags: #LodhaDevelopers #NCDIssue #SEBIRegulation30 #DebtFinancing #CorporateAction