Macrotech to repay $170 mn offshore bonds in next week

09 Mar 2022 CW Team

Lodha Group, which is listed as Macrotech Developers, is ready to repay their offshore bonds of $170 million or approximately Rs 1,286 crore in the next week, which puts them almost a year ahead of their scheduled maturity of the bonds in March 2023.

The bonds fall under the $225 million debt which had been raised by Lodha Developers International Limited, Mauritius against the luxury residential projects in London, UK. The company has further informed bond holders which include, trustee - Bank of New York Mellon and security trustee - BNY Mellon Corporate Trustee Services that the proposed redemption will be executed on March 12.

The developer plans to support the debt repayment and investment repatriation with the sales performance of both the super-premium residential projects in the United Kingdom.

Lodha is expecting to completely repay its $225 million offshore bonds or approximately Rs 1,700 crore, in the upcoming four months ahead of the scheduled maturity, in March 2023.

Macrotech Developers MD & CEO Abhishek Lodha said that they shall continue to see meaningful debt reduction with every quarter, which includes the current quarter, as their goal is to be a very low leverage company by the financial year 2024. The company has already done a fair amount of refinancing and will do Rs 2,000 crore to Rs 2,500 crore even more.

Image Source

Also read: Macrotech Developers to refinance debt up to Rs 2,500 cr by March

Infrastructure Urban

08 Apr 2026

UniAcoustic, Vicoustic Form UniVicoustic Alliance

UniAcoustic, part of United Group, has acquired a strategic stake in Portugal-based Vicoustic, forming a new alliance branded as UniVicoustic. The agreement, signed in Mumbai, marks a significant cross-border partnership aligned with evolving India–EU trade dynamics.The collaboration brings together Vicoustic’s global expertise in architectural acoustic products with UniAcoustic’s manufacturing scale and distribution capabilities. The combined platform aims to expand market reach, integrate technology and optimise supply chains across key regions.The development comes amid progress in th..

Dalmia Bharat, Delhi PWD Revamp Under-Flyover Spaces

Dalmia Bharat has partnered with the Public Works Department (PWD), Government of Delhi, to redevelop select under-flyover spaces and a road stretch into sustainable urban hubs. The agreement covers key locations including Lodhi Flyover, Oberoi Flyover, Mangi Bridge and Hanuman Setu.Under the initiative, the company will undertake design, landscaping, plantation and long-term maintenance of the sites, with a defined upkeep period of three years after completion. The project aims to improve urban aesthetics while promoting environmental sustainability and biodiversity restoration in high-densit..

Versigent Debuts as Independent NYSE-Listed Company

Versigent has launched as an independent publicly traded company following its separation from Aptiv, with shares commencing trading on the New York Stock Exchange under the ticker “VGNT”. The move marks a significant milestone in the company’s transition into a standalone global player in power distribution systems.The company specialises in the design, manufacturing and delivery of low- and high-voltage electrical architectures, supported by engineering centres across four continents and manufacturing operations in over 25 countries.Versigent reported revenues of $8.8 billion, net inco..