MoneyWorks4Me

Marathon Nextgen Realty raises Rs 385 crore through NCDs

24 Dec 2021 Evaluate

Marathon Nextgen Realty has raised Rs 385 crore through Secured, Rated, Listed, Redeemable Non-Convertible Debentures (NCDs) and allotted 3850 NCDs having face value of Rs 10 lakh each divided in Series I Debentures (2750 Nos.) and Series II Debentures (1100 Nos.) on private placement basis. The said NCDs will be listed on Wholesale Debt Market Segment of BSE. The Committee of Directors of the Company at its meeting held on December 24, 2021 has allotted the same.

Marathon Nextgen Realty is a real estate development company. The Company develops commercial and residential projects throughout India.

Peers
Company Name CMP
Lodha Developers 1115.10
Prestige EstatesProj 1458.00
Dilip Buildcon 425.25
DLF 631.05
Oberoi Realty 1778.00
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