Macrotech Developers is planning to raise funds upto Rs 250 crore in one or more tranches by issuing Non-Convertible Debentures (NCDs). A meeting of the Board of Directors of the Company is scheduled to be held on Monday, August 29, 2022, inter alia, to seek approval for the same.
Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.