Omaxe, through its step-wholly owned subsidiary Secure Properties Private Limited, has successfully raised ₹40 crore via a private placement. The capital was raised through the issuance and allotment of 400 unlisted, unrated, senior, secured, redeemable, non-convertible debentures (NCDs), each having a face value of ₹10 lakh.
This strategic financial move is part of Omaxe‘s ongoing efforts to strengthen its financial position and support its growth initiatives. The issuance of these NCDs underscores the company’s commitment to leveraging diverse financing avenues to meet its capital requirements.
The details of this transaction have been made available on Omaxe’s official website, as well as on the websites of the National Stock Exchange of India (NSE) and BSE Limited.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).