BSE : Listing of new debt securities of Macrotech Developers Limited -March 28, 2024 at 10:34 am EDT
NOTICES Notice No. 20240328-57 Notice Date ...
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NOTICES Notice No. 20240328-57 Notice Date ...
Realty firm Macrotech Developers Ltd said it will raise Rs 125 crore through the issue of non-convertible debentures (NCDs). Macrotech Developers, which sells properties under Lodha brand, is one of the leading real estate developers in the country.
In a separate filing, the company said it has acquired 50 per cent of the paid-up equity capital and other securities/instruments of Siddhivinayak Realties Pvt Ltd under a share purchase agreement (SPA).
Dosti Realty Limited, active in the Mumbai real estate market, plans to invest the money raised from the IPO towards business expansion and utilise the money for repaying debt. Its expansion plans include a foray into warehousing.
Stocks such as CG Power, Zomato, Paytm and Macrotech Developers were among the top gainers on Nifty 200 during this week.