Investment30 March 2026 at 06:59 am
Lodha Developers Ltd Allots ₹ 500 Crore NCDs on Private Placement Basis
AI Summary
Lodha Developers Ltd has approved the allotment of 50,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures (NCDs) of ₹ 1,00,000 each, amounting to ₹ 500 Crore on private placement basis. The NCDs will be listed on the Wholesale Debt Market segment of National Stock Exchange of India Limited. The tenure of the instrument is from March 30, 2026, to March 31, 2036, with an interest rate of 8.52% p.a., payable half yearly. The first interest payment will be made on September 30, 2026, with the final interest payment coinciding with the Final Maturity Date. A first ranking charge will be created over certain assets as security for the NCDs.
Key Highlights
- Lodha Developers Ltd allots ₹ 500 Crore NCDs on private placement basis.
- NCDs are rated, listed, senior, secured, redeemable, taxable, transferable, and non-convertible.
- The NCDs will be listed on the Wholesale Debt Market segment of National Stock Exchange of India Limited.
- The tenure of the instrument is from March 30, 2026, to March 31, 2036, with an interest rate of 8.52% p.a.
- A first ranking charge will be created over certain assets as security for the NCDs.