NEW DELHI: Lodha Developers (previously known as Macrotech Developers) has successfully raised ₹300 crore through the issuance of 30,000 senior, secured, redeemable, listed non-convertible debentures (NCDs), as revealed in a regulatory filing on Tuesday.
The NCDs were issued at a face value of ₹1 lakh each.
These debentures offer an interest rate of 7.96% per annum, which will be paid quarterly starting September 30, 2025, with a maturity date set for July 7, 2028. This financial instrument is secured by a first-ranking charge on specified company assets, as detailed in the Key Information Document dated July 3, 2025.
In case of payment default, an additional default interest of 2% per annum will be applied to the outstanding amount from the date of the default, according to the terms laid out in the Key Information Document dated July 3, 2025.
