Macrotech Developers is eyeing to repay its offshore bonds worth $225 million completely in the next four months ahead of its scheduled maturity in March 2023. The company also aiming to significantly repatriate its investment in the UK back to India in the financial year 2022-23. The company is planning to support this debt repayment and repatriation of investment with robust sales performance of its both super-premium residential projects in London.
Earlier, the company had raised these $225 million bonds in March 2020 against the UK projects. In its India operations, the company has provided a guidance of reducing its debt to below Rs 6,000 crore by March 2023.
Macrotech Developers is one of the largest real estate developers in India, by residential Sales value for the financial years 2014 to 2020.
| Company Name | CMP |
|---|---|
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| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
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