Investment28 Jul 2025, 08:49 am
Omaxe Ltd Subsidiary Raises Rs. 431 Crore via Private Placement of NCDs
AI Summary
Omaxe Ltd announced that its wholly owned subsidiary, Omaxe New Chandigarh Developers Private Limited, has successfully raised Rs. 431 Crore by issuing and allotting 43,100 unlisted, senior, secured, redeemable non-convertible debentures (NCDs) of face value Rs. 1 Lakh each. The private placement was conducted through OCM INDIA OPPORTUNITIES XII ALTERNATE INVESTMENT FUND SCHEME I. The funds raised will be available on the company's website and on the websites of the stock exchanges.
Key Highlights
- Omaxe Ltd's subsidiary raised Rs. 431 Crore through the issuance of NCDs
- The NCDs were unlisted, senior, secured, and redeemable
- The private placement was conducted through OCM INDIA OPPORTUNITIES XII ALTERNATE INVESTMENT FUND SCHEME I
- The funds raised will be utilized for corporate purposes and growth
- The intimation is available on the company's website and stock exchange websites