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.
