Page 5 - Lodha Developers

Lodha goes past DLF in terms of revenues for the first nine months of FY18

In the same period of 2016-17, Lodha's revenue was Rs 55.72 billion versus DLF's Rs 59.96 billion

Lodha Developers IPO looks to defy poor scorecard of realty companies

Its IPO will be the first by a real estate company in eight years and only the sixth Rs10-billion-plus offering by a home developer

Lodha Developers to soon file papers with Sebi for IPO, to raise Rs 55 bn

According to sources, the company is looking to raise about Rs 55 billion through its IPO, including pre-placement of shares

Real estate transaction cost needs to be brought down: Abhishek Lodha

The managing director of Mumbai-based Lodha Developers says it is a misnomer that real estate market is depressed; only the buyers are now shifting more towards quality homes

Lodha plans to raise up to $1 bn via IPO

The company had planned an IPO of Rs 2,800 crore in 2010, but it was shelved due to a weak stock market

Lodha Developers cuts debt to Rs 14,500 cr in Q1 on back of strong sales

Lodha Group has 31 ongoing projects in London, Mumbai, Pune, Bengaluru and Hyderabad

Lodha Developers to invest Rs 4300 cr in construction to boost deliveries

Infrastructure status to affordable housing will boost availability of cheaper finance

Moody's downgrades Lodha Developer's ratings

Ratings firm Moody's Investors Service has downgraded the corporate family rating of Mumbai based real estate company Lodha Developers to B1 from Ba3.Moody's has also downgraded the senior unsecured debt rating of the US dollar denominated bonds issued by Lodha Developers International Limited and guaranteed by Lodha Developers to B1 from Ba3.Ba3 ratings are assigned to those bonds which are considered non-investment grade. Moody's Corporate Family Ratings (CFR) are opinions of a corporate family's ability to honor all of itsfinancial obligations.Moody's said the outlook on the ratings is negative."The downgrade reflects our expectation that the company's credit metrics will fail to improve to a level more appropriate for its ratings over the next 12-18 months. The company's operating performance will remain well below our original expectations at the time we assigned the ratings for the first time in November 2014 and also below our reduced expectations in June 2015", says Vikas ...