MoneyWorks4Me

CARE assigns rating to banking facilities of Omaxe

16 Dec 2014 Evaluate

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.

Peers
Company Name CMP
Lodha Developers 1061.90
Prestige EstatesProj 1486.20
Dilip Buildcon 402.65
DLF 674.00
Oberoi Realty 1707.35
View more..