Page 2 - Lodha Developers

Macrotech Developers to reduce debt by 24% to Rs 12,700 crore after IPO

He said the company's net debt for India business is Rs 16,700 crore as of December 31, 2020. "Our debt will come down to Rs 12,700 crore after the IPO".

Street signs: Macrotech GMP muted, PLI boost for AC companies & more

With the markets turning range-bound, investors are looking for bottom-up investment opportunities

Lodha Developers may hit capital market on Apr 7 with Rs 2,500 cr IPO

Mumbai-based Lodha Developers Ltd, which has been renamed Macrotech Developers, filed the draft red herring prospectus (DRHP) with the Securities Exchange Board of India (Sebi) last month

Lodha leads as developers become richer by 26% despite Covid-driven crash

The number of new rupee-billionaires in the realty world continued to swell adding eight new entrants to the list of the Hurun India's top-100 richest realty developers

BS READS: Restaurant chain to realtor - 6 IPOs to track this listing season

Startups, PSUs and big-ticket brands all plan to list, continuing a trend that raised about Rs 7,375 crore in January. Akash Podishetty evaluates six companies that are planning to bring their IPOs

Lodha's Macrotech seeks debt moratorium as sales tank 69%, reveals DRHP

However, it managed to bring down its debt by 25% to Rs 18,662 crore. Issue proceeds of Rs 2,500 cr IPO will be used mainly to prune debt by another Rs 1,500 crore

Luxury segment accounts for half of unsold houses: Lodha Developers

About 7 per cent was priced between Rs 3 crore and Rs 5 crore, 22 per cent priced between Rs 5 crore and Rs 8 crore, and 15 per cent above Rs 8 crore

Lodha Developers files draft papers with SEBI for Rs 2,500-cr IPO

The firm has revived its IPO plan for the third time

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Lodha Developers plans to file DRHP for Rs 2,700-crore IPO this week

Lodha Group considered a listing in 2009 and 2018, but shelved the plan due to unfavourable market conditions

Ind-Ra upgrades ratings for Lodha Developers group company Macrotech

Macrotech Developers' leverage and sales are expected to improve from FY22, helping its outlook

Lodha Group's UK subsidiary firm raises $200 million to pare debt

Realty firm Lodha Group on Friday said its UK subsidiary has raised USD 200 million (around Rs 1,473 crore) through issuance of bonds in the Singapore market and the amount will be used to repay debt. Lodha Developers International Ltd, a wholly-owned subsidiary of Mumbai-based Macrotech Developers (earlier known as Lodha Developers), closed its dollar bond-issue and raised USD 200 million in Senior Secured Notes maturing in 2023. Lodha Developers International launchedUSD 225 million bond-issue on February 27. The bonds will be listed on the Singapore Exchange. The proceedswill be used to fully repay its outstanding USD 324 million Senior Notes due on March 13, 2020, a company statement said. "We closed the bond raise of USD 200 million with leading global investors. Several existing investors increased their position. Bankers to the deal were JP Morgan, UBS and CLSA," said Macrotech Developers MD & CEO Abhishek Lodha. Many global investors, including Allianz, Citi, UBS, and ...

Macrotech Developers likely to fend off near-term debt problems: Moody's

To proceed with its proposed bond, Macrotech will first have to raise about $118 million and deposit the proceeds in an escrow account, which is a condition precedent

M P Lodha India's richest realty tycoon, DLF's Rajiv at second spot: Report

Lodha Developers' M P Lodha and family has been named India's richest real estate entrepreneur with a wealth of Rs 31,960 crore followed by DLF's Rajiv Singh and Embassy group founder Jitendra Virwani in the second and third position respectively, according to a report. Hurun Report and GROHE India on Monday released the third edition of GROHE Hurun India Real Estate Rich List 2019' featuring the richest real estate entrepreneurs in India. "With a wealth of Rs 31,960 crore, Mangal Prabhat Lodha & family of Macrotech Developers (earlier named Lodha Developers) retained the top spot in GROHE Hurun India Real Estate Rich List 2019 for the second consecutive year," the report said. Lodha family's wealth increased by 18 per cent during 2019 and was 12 per cent of the cumulative wealth of the remaining 99 Indians featured on the list. "At number two is Rajiv Singh of DLF (up one rank) with a wealth of Rs 25,080 crore up 42 per cent as compared to 2018," the report said adding that ...

Fitch too downgrades Macrotech Developers on low liquidity concerns

Fitch said the risks around Macrotech's ability to meet domestic debt maturities of Rs 2,000 crore, Rs 5,000 crore, and Rs 4,600 crore in FY20, FY21, and FY22, respectively, are rising

Rating downgrade by Moody's shows liquidity crunch at Lodha Developers

Moody's said the negative outlook reflected uncertainty over the refinancing of Macrotech's upcoming debt maturities

Trump Tower developer Lodha battles bond slump amid cash crunch

Property companies face debt woes as funding stresses deepen

Lodha Developers plans to repay its debt, faces delay in asset sales

Lodha plans to repay £290 million (Rs 2,600 crore) from sales at the 48CS project in London for which it had taken the loan

Moody's downgrades Lodha Developers' outlook to 'stable' on weak sales

Lodha said the company would achieve Rs 9,500 crore of collections and it is also on track for net sales of about Rs 8,000 crore

Lodha Developers changes NCD terms, investors to get early interest payment

Investors will continue to get 9.5% interest on NCDs worth Rs 495 crore after completion of the moratorium period