Investment14 Feb 2026, 11:42 am
Peninsula Land Ltd Redeems Rs. 149.99 Crore Optionally Convertible Debentures Early
AI Summary
Peninsula Land Ltd, a realty company focusing on residential and commercial projects, has redeemed Rs. 149.99 crore worth of optionally convertible debentures (OCDs) ahead of their maturity date. The company redeemed the entire issue proceeds in Q3 FY26, using the proceeds of redemption of non-convertible debentures of Harborpeak Real Estate Private Limited and its own liquid sources. The decision to redeem the OCDs early was triggered by the investors' redemption notice dated November 17, 2025.
Key Highlights
- Peninsula Land Ltd redeemed Rs. 149.99 crore worth of OCDs early in Q3 FY26.
- The company used the proceeds of redemption of non-convertible debentures of Harborpeak Real Estate Private Limited and its own liquid sources for redemption.
- The redemption was triggered by the investors' redemption notice dated November 17, 2025.
- The company reported net losses in FY25 and H1 FY26.
- Peninsula Land Ltd remains focused on improving its profitability over the coming quarters.
Price Impact
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