Lodha has announced the allotment of 25,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures (NCDs), each with a face value of ₹1,00,000, totaling ₹250 crore. The Executive Committee of the Board of Directors approved the allotment on November 13, 2025, through private placement.
NCD Allotment Details
Lodha’s Executive Committee has approved the allotment of 25,000 non-convertible debentures (NCDs), amounting to ₹250 crore. These NCDs are rated, listed, senior, secured, redeemable, taxable, and transferable. The allotment was finalized on November 13, 2025.
Key Terms of the Debentures
Each debenture has a face value of ₹1,00,000. The NCDs are listed on the Wholesale Debt Market segment of BSE Limited. The tenure of the instrument is set to mature on November 13, 2028.
Interest and Redemption
The interest rate is set at 7.90% per annum, payable quarterly. This rate is linked to the 3-Month Treasury Bill rate (currently 5.45%) plus a spread of 2.45%. The first interest payment is scheduled for December 31, 2025. Redemption of the NCDs will follow the terms outlined in the Debenture Trust Deed. A first-ranking charge will be created over certain assets of the company.
Source: BSE
