Lodha Developers Limited — QIP/Rights/Pref., 23-12-2024: Allotment of Securities

Macrotech Developers Limited has undertaken a private placement of 30,000 rated, listed, senior, secured, redeemable, taxable, non-convertible debentures (NCDs) at ₹1,00,000 each, totaling ₹300 crore. The NCDs, maturing on December 22, 2027, carry an interest rate of 8.60% per annum, with payments commencing on March 31, 2025. A first-ranking charge will be created over certain assets as security. These NCDs will be listed on the Wholesale Debt Market segment of BSE Limited, enhancing the company's funding options while providing investors with a stable interest return.