Omaxe Raises ₹431 Crore Via Private Placement Of NCDs To Fuel Business Expansion Plans
In a regulatory filing on Monday, the company informed that its subsidiary -- c, has raised Rs 431 crore by issuance and allotment of 43,100 Non-Convertible Debentures (NCDs) of face value Rs 1 lakh each through private placement.
Realty firm Omaxe Ltd has raised Rs 431 crore through the issue of debentures on a private placement basis for business growth. | X @ARUNPANDEY48521
New Delhi: Realty firm Omaxe Ltd has raised Rs 431 crore through the issue of debentures on a private placement basis for business growth.
In a regulatory filing on Monday, the company informed that its subsidiary -- Omaxe New Chandigarh Developers Pvt Ltd, has raised Rs 431 crore by issuance and allotment of 43,100 Non-Convertible Debentures (NCDs) of face value Rs 1 lakh each through private placement.
Recently, Omaxe announced an acquisition of a 450-acre land parcel in Indore to develop a township at an investment of Rs 1,200 crore.
Omaxe, which is one of the leading real estate firms in the country, has a presence in 30 cities across eight states of North and Central India. It has delivered more than 135 million sq ft of area since inception.
(Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)
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