Macrotech Developers has raised Rs 49 crore through the allotment of 4,900 senior, listed, rated, secured, transferable, redeemable non-convertible debentures (NCDs) of face value of Rs 1 lakh each on Private Placement basis. Date of maturity of the NCDs is June 30, 2026. The NCDs are proposed to be listed on the Debt segment of BSE.
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.
