Lodha Developers Raises ₹350 Crore Via NCDs On Private Placement Basis To Fund Business Expansion

New Delhi: Realty firm Lodha Developers Ltd has raised Rs 350 crore by issuing debentures on a private placement basis for business growth.

In a regulatory filing on Monday, the company informed that an executive committee of the Board of Directors approved allotment of non-convertible debentures (NCDs) aggregating to Rs 350 crore on a private placement basis.

Earlier this month, the committee had approved the allotment of NCDs, aggregating to Rs 300 crore on a private placement basis.

Mumbai-based 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.

The company develops housing projects, office complexes, shopping malls and industrial & warehousing parks.

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