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Time of India
08-07-2025
- Business
- Time of India
Lodha Developers raises Rs 300 cr through debentures to fund biz
Realty firm Lodha Developers has raised Rs 300 crore by issuing debentures on a private placement basis for business growth. In a regulatory filing on Tuesday, the company informed that the executive committee of the Board of Directors has approved the allotment of non-convertible debentures, aggregating to Rs 300 crore on a private placement basis. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Elegant New Scooters For Seniors In 2024: The Prices May Surprise You Mobility Scooter | Search Ads Learn More Undo The debentures, with an interest coupon rate of 7.96 per cent, will be redeemed at par at the end of the 3 years from the date of allotment. Bonds Corner Powered By Lodha Developers raises Rs 300 cr through debentures to fund biz Realty firm Lodha Developers has raised Rs 300 crore by issuing debentures on a private placement basis for business growth. Edelweiss Financial Services launches Rs 300 crore NCD issue with yield up to 10.5% Tariff deadline looms, but bond investors stay calm India bonds stuck in narrow range despite rise in US peers Stable Indian government bond yields push investors towards more attractive corporate debt Browse all Bonds News with These debentures will be listed on the Wholesale Debt Market segment of BSE. Lodha Developers, erstwhile Macrotech Developers Ltd, is one of the leading real estate firms in the country. It has a significant presence in the Mumbai Metropolitan Region (MMR), Pune and Bengaluru markets. Live Events The company develops housing, commercial and warehousing projects.
Business Standard
19-06-2025
- Business
- Business Standard
AAVAS Financiers gains as board approves Rs 200 crore NCD issuance via private placement
AAVAS Financiers added 1.17% to Rs 1,845.70 after its board's executive committee has approved raising up to Rs 200 crore through a private placement of non-convertible debentures (NCDs). The housing finance company announced plans to issue up to 20,000 senior, secured, rated, listed, and redeemable Non-Convertible Debentures (NCDs), each with a face value of Rs 100,000. The company added that the debentures will have tenure of 60 months and are set to be listed on the Wholesale Debt Market (WDM) segment of the BSE. Interest on the NCDs will be paid quarterly, while the principal will be repaid in 20 equal quarterly instalments of Rs 5,000 per debenture. The debentures will be secured by a first-ranking exclusive charge over the companys identified loan receivables, ensuring coverage of at least 110% of the principal and interest payable. The issuance follows shareholder approval granted at the company's 14th Annual General Meeting in August 2024. AAVAS Financiers is engaged in long-term financing activity in the domestic markets to provide housing finance. The companys standalone net profit jumped 7.75% to Rs 153.68 crore in Q4 FY25, compared with Rs 142.62 crore posted in Q4 FY24. Total revenue from operations soared 16.51% to Rs 636.21 crore in Q4 FY25 as against Rs 546.02 crore posted in Q4 FY24.
