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Macrotech Developers raises Rs 405 crore through bonds

01 Sep 2023 Evaluate

Macrotech Developers has raised Rs 405 crore through allotment of 40,500 redeemable, rated, listed, non-convertible bonds/debentures of Rs 1,00,000 each. The Executive Committee of the Board of Directors of the Company at its meeting held on August 31, 2023, 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.

Peers
Company Name CMP
Lodha Developers 1162.00
Prestige EstatesProj 1473.00
Dilip Buildcon 412.40
DLF 680.50
Oberoi Realty 1850.05
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