Lodha Developers Raises ₹500 Crore Through Non-Convertible Debenture Issuance

"Lodha Developers Limited has successfully issued ₹500 crore in rated, listed, senior, secured, redeemable non-convertible debentures (NCDs) to raise funds for capital expenditure, refinancing existing debt, and other corporate purposes. The issuance was privately placed and listed on the stock exchange, with SNG & Partners providing legal counsel throughout the transaction, including due diligence on the land used as security. This move is part of Lodha's strategy to optimize its capital structure and support future growth."

SNG & Partners acted as legal counsel to the investors and the debenture trustee in the recent issuance of non-convertible debentures (NCDs) by Lodha Developers Limited. Lodha Developers Limited successfully issued rated, listed, senior, secured, redeemable NCDs totaling ₹500 crore. The debentures were privately placed and subsequently listed on the stock exchange, marking a significant capital mobilization for the company. The funds raised are intended for capital expenditure, refinancing existing debt, meeting long-term working capital requirements, and general corporate purposes, which are part of the company's strategy to optimize its capital structure and support future growth. The documentation team from SNG & Partners was led by Aditya Vikram Dua (Partner & Head – Financial Services), with contributions from Aniket Sawant (Associate Partner), Parvathi Menon (Senior Associate), Prashant Dubey (Associate), and Neel Gokhale (Associate). The real estate team was led by Samreen Paloba (Partner), supported by Zainab Patel (Associate) and Kiran Patil (Paralegal).

Lodha Developers Raises ₹500 Crore Through Non-Convertible Debenture Issuance

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