Lodha Developers Allots ₹300 Cr in Non-Convertible Debentures

Lodha Developers Ltd (formerly Macrotech Developers Limited) has announced the allotment of 30,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures (NCDs) aggregating to ₹300 crore. The allotment was approved by the Executive Committee of the Board of Directors on June 30, 2026, on a private placement basis. These Secured NCDs have a face value of ₹1,00,000 each and are set to be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited. The tenure of the NCDs is from June 30, 2026, to February 15, 2030. The coupon rate is Benchmark (5 day average of 3-Month Treasury Bill) + Spread of 3.03%, currently at 8.28% per annum, payable half-yearly. A first ranking charge will be created over certain assets as security.