MoneyWorks4Me

Hubtown gets nod to raise Rs 70 crore via NCDs

25 Jan 2024 Evaluate

Hubtown has received approval for the issuance of Secured, Unlisted, Redeemable and Non-Convertible Debentures (NCDs) of up to Rs 70 crore on private placement basis in one or more tranches. The Board of Directors of the Company in its meeting held on January 25, 2024 has inter-alia approved the same. 

The company engages in the development, sale, and lease of commercial, residential, retail, and industrial properties. Its project portfolio primarily comprises residential projects, commercial projects, special economic zones, SRAs, IT parks, biotech parks, robotic car parks, retail parks, and textile parks. 


Peers
Company Name CMP
Lodha Developers 1115.10
Prestige EstatesProj 1458.00
Dilip Buildcon 425.25
DLF 631.05
Oberoi Realty 1778.00
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