Macrotech Developers Raises Rs. 200 Crore Through Debentures

Mumbai | June 6, 2025 – Macrotech Developers Ltd (NSE: LODHA; BSE: 543287) has successfully allotted Non-Convertible Debentures (NCDs) amounting to ₹200 crore through a private placement.

This latest fundraise aims to fortify the company’s capital position and support its strategy to manage upcoming debt obligations while fuelling development in key projects.

As of June 6, 2025, at 15:59, the stock traded at ₹1,529.90, marking a gain of ₹54.30 (3.71%) from the previous close of ₹1,461.70. The day’s trading range was ₹1,465.00 to ₹1,529.90, with a volume of 2,235,584 shares and a VWAP of ₹1,500.44. The stock’s 52-week range stands between ₹1,035.15 and ₹1,649.95, with a market cap of ₹151,270 crore and a beta of 1.55.

Key Highlights

• Instrument: Rated, listed, senior, secured, redeemable, taxable, and transferable NCDs
• Size of Issue: ₹200 crore
• Face Value: ₹1 lakh per debenture
• Number of NCDs: 20,000
• Allotment Date: June 6, 2025
• Maturity Date: June 5, 2028
• Interest (Coupon): 8.14% per annum, payable quarterly
• First Interest Payment: September 30, 2025
• Stock Exchange Listing: Proposed listing on the Wholesale Debt Market segment of BSE
• Redemption Schedule: In 9 quarterly instalments starting June 30, 2026
• Security: First ranking charge over specific assets, as detailed in the Key Information Document dated June 3, 2025
• Default Interest Clause: Additional 2% p.a. on overdue amounts

Strategic Purpose

This issuance is a part of Lodha’s broader financial strategy aimed at improving capital efficiency. By raising secured debt with defined terms and a structured repayment plan, the company reinforces its balance sheet while ensuring capital availability for critical residential and commercial developments.

Regulatory Compliance

The issuance adheres fully to SEBI’s Listing Obligations and Disclosure Requirements (LODR) Regulations. All necessary disclosures have been made in line with SEBI’s Master Circular issued on November 11, 2024.

About Macrotech Developers Ltd (Lodha)

Known widely as Lodha, Macrotech Developers Ltd ranks among India’s top real estate developers. The company has an extensive portfolio of landmark residential and commercial properties in Mumbai, Pune, and London. Lodha is recognised for its disciplined financial practices, focused capital allocation, and commitment to delivering superior quality projects.

This ₹200 crore NCD issuance represents another milestone in Lodha’s efforts to offer value-driven instruments to investors while ensuring financial robustness and continued growth.

REF: https://nsearchives.nseindia.com/corporate/LODHA_06062025125325_Lodha_Allotment_of_NCDs_06052025.pdf

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