Lodha Developers Limited Allots ₹500 Crore in Debentures
Lodha Developers Limited announced the allotment of ₹500 crore through the issuance of 50,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures (NCDs) on a private placement basis. The Executive Committee of the Board approved the allotment on March 30, 2026.The debentures have a face value of ₹100,000 each. They will be listed on the Wholesale Debt Market segment of the National Stock Exchange of India Limited.
Here's a summary of the key details:
| Particulars | Details |
|---|---|
| Size of the Issue | ₹500 Crore (50,000 NCDs of ₹100,000 each) |
| Listing | Wholesale Debt Market segment of National Stock Exchange of India Limited |
| Tenure | Date of Allotment: March 30, 2026; Date of Maturity: March 31, 2036 |
| Interest Rate | 8.52% p.a., payable half-yearly. First interest payment on September 30, 2026. |
| Security | First ranking charge over certain assets as described in the Key Information Document dated March 24, 2026. |
| Default Interest | 2% per annum over the applicable interest rate, if applicable. |
| Redemption | To be redeemed in accordance with the Debenture Trust Deed. |
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