Macrotech Developers allots INR 3bn in debentures

Macrotech Developers announced the allotment of 30,000 senior, secured, redeemable, listed, taxable, transferable, rated non-convertible debentures on July 8, 2025. The debentures have a face value of INR 100,000 each, aggregating to INR 3 billion, and were allotted on a private placement basis. These debentures, listed on the Wholesale Debt Market segment of the BSE Limited, carry an interest rate of 7.96% per annum payable quarterly, commencing September 30, 2025, and are scheduled to mature on July 7, 2028. They will have first ranking charge on certain assets of the company. The debentures will be redeemed at par at the end of the 3-year term.