Macrotech Developers redeems offshore bonds worth $170 mn

17 Mar 2022 CW Team

Lodha Group, a real estate conglomerate listed as Macrotech Developers, has redeemed offshore bonds worth $170 million. The company paid off this debt nearly a year before the scheduled maturity of these bonds in March 2023.

The notes that have been redeemed will be cancelled and removed from the Singapore Exchange Securities Trading Limited's (SGX) list. The developer said in a regulatory filing that the balanced Notes of $55,000,000 are still listed on the Singapore Exchange Securities Trading Ltd.

Lodha announced earlier this month that it would repay these offshore bonds in part on March 12.

These bonds are part of a $225 million debt raised by the developer's wholly-owned subsidiary Lodha Developers International Ltd, Mauritius, to fund two luxury residential projects in London: Grosvenor Square and Lincoln Square.

Macrotech Developers formerly Lodha Developers is an Indian multinational real estate company with headquarters in Mumbai, India. Mangal Prabhat Lodha founded it in 1980. In Mumbai, Thane, Hyderabad, Pune, and London, it has built residential and commercial properties. Lodha Altamount, The World Towers, Lodha Bellissimo, Trump Tower Mumbai, and Lodha Park are just a few of the company's notable projects. Palava, an integrated smart city near Mumbai, is also credited to the company. On April 19, 2021, the company was renamed Macrotech Developers.

Image Source

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

Infrastructure Urban

16 Jan 2026

Rosatom Delivers Nuclear Fuel for Kudankulam Unit 3

Rosatom has recently supplied nuclear fuel for the initial loading of the VVER-1000 reactor core at Unit 3 of the Kudankulam Nuclear Power Plant, marking a key milestone in the second stage of the Russian-designed nuclear power project in southern India.The fuel was supplied by Rosatom’s Nuclear Fuel Division, managed by TVEL, and manufactured at the Novosibirsk Chemical Concentrates Plant. The delivery includes the initial reactor load along with reserve fuel assemblies and is part of a long-term contract covering the entire operational life of Units 3 and 4.Building on operational experien..

CBL International Enables First LNG Bunkering at Xiaomo Port

CBL International recently completed the first-ever LNG bunkering operation at Xiaomo Port, supplying liquefied natural gas to vessels operated by BYD in support of its maritime decarbonisation strategy. The operation was facilitated through a physical supplier in collaboration with China National Offshore Oil Corporation (CNOOC), which supported the port’s inaugural LNG bunkering activity. The milestone represents a strategic expansion of CBL International's sustainable fuel offerings beyond biofuels, while also diversifying revenue streams. As global shipping intensifies efforts to cut em..

Aimtron, Aurassure Partner for IoT Weather Systems

Aimtron Electronics has recently entered into an OEM manufacturing engagement with Aurassure to produce new-age, IoT-enabled weather and environmental monitoring systems in India. The collaboration supports the growing demand for real-time environmental intelligence across urban, industrial and infrastructure applications. The engagement comes as global focus on climate-risk management and data-driven planning accelerates. The global weather monitoring systems market, valued at around USD 2.1 billion in 2024, is projected to reach nearly USD 4.8 billion by 2034, driven by the rapid adoption o..