SNG & Partners acts on Lodha Developers ₹500 crore NCD Issuance

Lodha Developers Limited has issued rated, listed, senior, secured, redeemable non-convertible debentures (NCDs) aggregating to a total of ₹500 crore. The debentures were privately placed and subsequently listed on the stock exchange, marking a significant capital mobilisation by the company.

SNG & Partners acted as legal counsel to the investors and the debenture trustee, advising on all aspects of the transaction including structuring of the issuance, drafting, reviewing, and negotiating the transaction documents and overseeing regulatory compliances leading to successful listing of the debentures on the stock exchange.

Further, the firm also conducted title due diligence of the land offered as security for the NCDs, totally admeasuring approximately 111 acres, and spread across two separated townships.

The documentation team was led by Aditya Vikram Dua (Partner & Head – Financial Services), with Aniket Sawant (Associate Partner), Parvathi Menon (Senior Associate), Prashant Dubey (Associate) and Neel Gokhale (Associate), and the real estate team was led by Samreen Paloba (Partner), with support of Zainab Patel (Associate) and Kiran Patil (Paralegal). The firm provided end-to-end legal support and seamlessly executed the transaction within tight timelines.

Lodha Developers were advised by their in-house legal team on this NCD issuance.

Formerly known as Macrotech Developers, Lodha Developers is a key player in India’s real estate sector with a diversified and expansive portfolio spanning residential, commercial, and mixed-use developments.

The funds raised through this issuance are intended to be utilised towards Lodha Developers’ capital expenditure, refinancing of existing debt, meeting long-term working capital requirements, and general corporate purposes—forming an integral part of the company’s broader strategy to optimise its capital structure and fuel future growth.

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