Macrotech Developers’ subsidiary -- Lodha Developers International, Mauritius has prepaid $170 million of debt after recording better sales performances in its two projects in London. The redeemed notes shall be cancelled and delisted from the Singapore Exchange Securities Trading. The remaining notes of $550 million continue to be listed on the Singapore Exchange Securities Trading.
In January, the company had planned to repay fully $225 million bonds in the next four months from the sales proceeds, well in advance to their scheduled maturity of 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.
