SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Nitesh Estates’ arm redeems OPD worth Rs 62 crore to HDFC Asset Management Company

31 Mar 2014 Evaluate

Nitesh Estates’ subsidiary- Nitesh Housing Developers has on date fully redeemed the Optionally Convertible Debentures (OPD) of Rs 62 crore issued to HDFC Asset Management Company with an aggregate pay out of Rs 141.93 crore, including interest calculated with IRR of 26%. Upon Redemption of Debentures, the company has also released 10,203,690 (6.99%) Pledged Shares of the Promoter as well as Nitesh Estates holding of 44, 94,900 Equity Shares (89.1%) in Nitesh Housing Developers.

Consequent to this, the Company's cost of capital will reduce significantly and this will enhance the profitability of the Company going forward.

Nitesh Estates is a leading integrated property development company headquartered in Bangalore. The company provides world-class products and services and has presence across four asset class - Homes, Hotels, Office Buildings, and Shopping Malls.

Satchmo Holdings Share Price

3.67 0.01 (0.27%)
20-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 855.85
Dilip Buildcon 450.15
DLF 595.85
Oberoi Realty 1695.70
Ahluwalia Contract(I 833.35
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×