Hubtown has over the last four years, reduced debt by 70% and over the next two years it plans to reduce this to zero. For this purpose, Hubtown Ltd's board approved issuance of 1,46,80,249 equity shares via preferential issue.
The Issue price is set at Rs341 per share, totaling ~Rs500.6 crore. Among the 101 non-promoter investors involved, Altius Global Finance is the largest investor (23,46,041 shares worth Rs80 crore).
Further to this, the Company is also in process to provide an additional Corporate Guarantee to Mitcon Credentia Trusteeship Services Limited for securing the further issue of Non- Convertible Debentures upto an amount not exceeding Rs. 26 Crores to be issued by Twenty-Five Estates Realty Private Limited. The Board meeting held on August 30, 2025 to approve the issue
The total Corporate Guarantee to be provided to Mitcon Credentia Trusteeship Services LIMITED for securing the issue of Non-Convertible Debentures issued and to be issued by Twenty-Five Estates Realty Private Limited will be for amount not exceeding Rs. 122 Crores.
The Extra-Ordinary General Meeting is scheduled for September 23, 2025 for shareholder approval.
Hubtown ongoing projects include 25 Downtown, one of the largest land parcels in South Mumbai, Hubtown Seasons, one of the largest land parcels in Chembur, Rising City in Ghatkopar. Hubtown Premiere in Andheri West, commercial project, 27 West in Pune and four projects in Gujarat which are Bus Depot redevelopments.
The company’s upcoming projects comprise a second home scheme in Kelavli. project coming up in Thane, Phase 2 of Rising City project in Ghatkopar and affordable housing project in Andheri East.
Hubtown also has an extremely large land bank with an advantage of being within MMR limits and in South Bombay. The company plans to monetize all of this land parcel over the next four-five years to bring down that debt and to grow the company's bottom line.
