Lodha Developers International completes redemption of $170 million Notes

15 Mar 2022 , 09:36 AM

Macrotech Developers Ltd’s wholly-owned subsidiary, Lodha Developers International Limited, Mauritius has given a notice to Singapore Stock Exchange regarding confirmation of redemption of Notes for principal amount of US$ 170,000,000 at a Redemption Price of 100.25% of the principal amount of the Notes plus accrued and unpaid interest thereon upto (but not including) March 12, 2022 on March 12, 2022 (“Redemption Date”).

Further, the Company has redeemed Notes of principal amount US$ 170,000,000 (“Redeemed Notes”). The Redeemed Notes shall be cancelled and delisted from the Singapore Exchange Securities Trading Limited. The balanced Notes of US$ 55,000,000 continue to be listed on the Singapore Exchange Securities Trading Limited, said company in a regulatory filing.

At around 9:39 AM, Macrotech Developers was trading at Rs1063.95 per share lower by 0.15% on Sensex.