Macrotech Developers has raised Rs 245 crore through allotment of 24,500 senior, rated, listed, secured, redeemable non-convertible debentures (NCDs) of Rs 1,00,000 each. The Executive Committee of the Board of Directors of the Company has on September 27, 2023, approved the same. ICRA has rated ‘A+/Positive’ to said NCDs. Date of Maturity will be on September 25, 2026.
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.
