Omaxe raises INR 39.8 crore through debenture placement

Omaxe Limited has allotted 398 unrated senior secured non-convertible debentures via private placement, raising INR 39.8 crore.

This represents the first tranche of a larger issue of up to 1,994 debentures, which could total INR 199.4 crore. The debentures have a face value of INR 10 lakh each and mature up to 54 months from July 16, 2025.

They offer a 12% IRR with full redemption at maturity. Security includes an exclusive first charge on project land and bank accounts.