Macrotech Developers Limited (LODHA) announced on June 06, 2025, that its Executive Committee of the Board of Directors approved the allotment of 20,000 rated, listed, senior, secured, redeemable, taxable, transferable non-convertible debentures (NCDs) of ₹ 1,00,000 each, aggregating to ₹ 200 crore, on a private placement basis.
- The issue size is ₹ 200 crore, comprising 20,000 NCDs of face value ₹ 1 lakh each.
- The NCDs are proposed to be listed on the Wholesale Debt Market segment of BSE Limited.
- The allotment date is June 06, 2025, and the maturity date is June 05, 2028.
- The NCDs offer an interest rate of 8.14% per annum, payable quarterly, with payments commencing from September 30, 2025.
- A first ranking charge will be created over certain assets as security.
- Redemption will occur in 9 quarterly instalments, beginning from June 30, 2026, with the final instalment on the maturity date.
- In case of a delay in payment of interest/principal amount for more than 3 months, a default interest of 2% per annum over and above the applicable interest rate will accrue.