Macrotech Developers has received approval to raise up to Rs 250 crore through the issuance of listed, rated, secured, redeemable, transferable, non-convertible debentures (NCDs). The company did not disclose the utilisation of the proceeds of the proposed Non-Convertible Debentures issue. The Board of Directors at its meeting held on August 29, 2022, has approved 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.
