SNG & Partners Advises on Rs500 Crore NCDs by Lodha Developers

Lodha Developers Limited has successfully mobilised Rs500 crore through the issuance of rated, listed, senior, secured, redeemable non-convertible debentures (NCDs). Privately placed and subsequently listed on the stock exchange, the issuance marks a strategic capital raise aimed at supporting the company’s long-term financial and operational goals.

SNG & Partners acted as legal counsel to the investors and the debenture trustee, providing comprehensive legal support across structuring, documentation, negotiation, and regulatory compliance. The firm also conducted title due diligence on approximately 111 acres of land offered as security, spread across two distinct township projects.

The documentation team was led by Aditya Vikram Dua (Partner & Head – Financial Services), supported by Aniket Sawant (Associate Partner), Parvathi Menon (Senior Associate), Prashant Dubey (Associate), and Neel Gokhale (Associate). The real estate team was helmed by Samreen Paloba (Partner), with Zainab Patel (Associate) and Kiran Patil (Paralegal) contributing to the due diligence process.

Lodha Developers, formerly Macrotech Developers, is a prominent player in India’s real estate landscape with a diversified portfolio spanning residential, commercial, and mixed-use developments. The funds raised will be deployed towards capital expenditure, debt refinancing, working capital needs, and general corporate purposes—forming a key part of the company’s strategy to optimise its capital structure and accelerate growth.