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Omaxe’s arm raises Rs 40 crore through NCDs

M/s Secure Properties has raised fund through allotment of 400 Unlisted, Unrated, Senior, Secured, Redeemable, Non-Convertible Debentures

Omaxe’s step-wholly owned subsidiary – M/s Secure Properties has successfully raised Rs 40 crore through private placement by way of issuance and allotment of 400 Unlisted, Unrated, Senior, Secured, Redeemable, Non-Convertible Debentures (NCDs) having a face value of Rs 10 lakh each.

Omaxe is one of India’s leading and trusted real estate companies. The company is into the business of developing real estate properties for residential, commercial and retail purposes.