CARE assigns rating to banking facilities of Omaxe

16 Dec 2014

Credit rating agency, Credit Analysis and Research (CARE) has assigned rating of ’BBB (SO)’ for the proposed Secured, Redeemable, Non-Convertible Debentures (NCD) issue amounting to Rs 80.00 crore of Omaxe.

In addition to the earlier credit rating assigned for the proposed  Secured, Redeemable, Non-Convertible Debentures (NCD) issue amounting to Rs 20.00 crore by CARE on December 08, 2014, this aggregrates to Rs 100.00 crore.

Omaxe has a land bank of about 4,400 acres in 30 cities across 9 states. The Delhi-based firm is executing 42 real estate projects that include 18 townships, 14 group housing and 10 commercial.

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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323
Research Analyst - INH000000719