Macrotech Developers has received approval to raise upto Rs 3000 crore by way of issuance of Non-Convertible Debentures (NCDs), from time to time, to diversify pool of debt capital and achieve reduction in cost of funds. The Executive Committee of the Board has been authorised to take all necessary steps, incidental, consequential, relevant or ancillary, in connection with the issue of NCDs as above. The Board of Directors at its meeting held on November 1, 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.
