SNG & Partners advises Macrotech Developers on issuance of ₹300 crore worth of NCDs

The proceeds from the NCD issue will be used to meet capital expenditures, long-term working capital needs, debt refinancing, and routine business operations.

SNG & Partners advised the investor and the debenture trustee on the issuance of 30,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures (NCDs), each with a face value of ₹1 lakh, aggregating to a total of INR 300 crores.

SNG & Partners acted as the legal counsel to the investor and the debenture trustee, and has engaged in the drafting, reviewing, and negotiation of transaction documents, and ensuring the subsequent listing of the debentures on the stock exchange.

The transaction was led by Aditya Vikram Dua (Partner), with Aniket Sawant (Associate Partner), Parvathi Menon (Senior Associate), Kartikeya Rao (Associate) and Shivansh Jain (Associate) forming the core transaction team.

The financing, structured through the issuance of NCDs, is strategically designed to support MDL’s capital expenditures, long-term working capital needs, debt refinancing, and routine business operations, thereby reinforcing its growth and expansion plans.

Macrotech Developers Limited is one of India’s largest property development companies. MDL has established itself as a leading player in the Indian real estate sector with a robust portfolio of commercial, residential, and mixed-use developments. Its projects include premium luxury residences, affordable housing, and integrated township developments across major cities like Mumbai, Pune and Bangalore. MDL’s brands, such as “Lodha,” “CASA by Lodha,” and “Crown – Lodha Quality Homes,” cater to diverse customer segments, reflecting its commitment to quality and innovation.

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