Omaxe Ltd Allots ₹15.6 Cr Non-Convertible Debentures

Omaxe Ltd announced the allotment of 156 Unrated Senior Secured Non-Convertible Debentures (NCDs) with a face value of Rs. 10,00,000/- each, aggregating to Rs. 15,60,00,000/- (approx. ₹15.6 Crores). The allotment was made on a private placement basis by the Debenture Issue & Allotment Committee. This is part of a larger fundraising exercise approved earlier. The NCDs carry a committed return of 12% IRR and are secured by project land, receivables, bank accounts, and personal guarantees.