PM
Paresh Menon• 3h ago
Omaxe Limited's subsidiary successfully raised ₹40 crore through the private placement of 400 Non-Convertible Debentures (NCDs), each with a face value of ₹10 lakh. These NCDs are senior, secured, and redeemable.
Omaxe Limited's subsidiary successfully raised ₹40 crore through the private placement of 400 Non-Convertible Debentures (NCDs), each with a face value of ₹10 lakh. These NCDs are senior, secured, and redeemable.
Omaxe has approved the issuance of ₹31.3 crore in secured debentures as part of a larger ₹199.4 crore offering. The debentures carry an annual return of 12% over a period of 54 months, with their security backed by project asset mortgages and charges.