Marcrotech Developers to Raise Upto Rs 250 Crore through NCDS
Realty firm Marcrotech Realty Ltd said its board has approved raising of upto Rs 250 crore through the issuance of non convertible debentures. The company did not disclose the utlisation of the proceeds of proposed Non-Convertible Debentures (NCDs) issue. Mumbai-based Marotech Developers which markets its properties under the Lodha brand informed that the board of directors have approved raising of funds by way of issuance of listed, rated, secured, redeemable, transferable, non-convertible debentures upto Rs 250 crore in one of more tranches on a private placement to eligible investors. The company recently posted a sales booking at Rs 2,814 crore in the April-June quarter of this fiscal. Macrotech Developers has given sales booking guidance of Rs 11,500 crore for the current fiscal higher than Rs 9,024 crore registered.
Tags : Realty firm Marcrotech Realty Ltd Non-Convertible Debentures Lodha