Omaxe Limited's Subsidiary, Mis Secure Properties, Raises Rs 40 Crore Through Private Placement of NCDs
Mis Secure Properties Private Limited, a Step-Wholly Owned Subsidiary of Omaxe Limited, has successfully raised Rs 40 Crore through a private placement. The funding was achieved through the issuance and allotment of Non-Convertible Debentures (NCDs).The company announced the successful capital raise, detailing the specifics of the transaction. Mis Secure Properties Private Limited issued and allotted a total of 400 Unlisted, Unrated, Senior, Secured, Redeemable, Non-Convertible Debentures (NCDs).
Each debenture was structured with a face value of Rs 10 Lakh, contributing to the total capital infusion of Rs 40 Crore.
The details of the private placement transaction are summarized below:
| Detail | Value |
|---|---|
| Subsidiary | Mis Secure Properties Private Limited |
| Parent Company | Omaxe Limited |
| Total Funds Raised | Rs 40 Crore |
| Instrument | Unlisted, Unrated, Senior, Secured, Redeemable, Non-Convertible Debentures (NCDs) |
| Number of NCDs Allotted | 400 |
| Face Value per NCD | Rs 10 Lakh |
OMAXE Stock Price Movement
On Friday, Omaxe Limited shares edged higher to settle at ₹79.24, gaining 0.35% for the session. Trading concluded on solid volume, recording 169,089 shares traded throughout the day.Source:
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