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Omaxe Limited ( (IN:OMAXE) ) just unveiled an update.
Omaxe Limited announced that its step-wholly owned subsidiary, Secure Properties Private Limited, has raised Rs. 40 crore through a private placement of 400 unlisted, unrated, senior, secured, redeemable non-convertible debentures with a face value of Rs. 10 lakh each. The fundraise strengthens the subsidiary’s financing position and provides additional capital flexibility for Omaxe’s real estate operations, underscoring the group’s continued access to debt markets and potential support for ongoing and future development projects.
More about Omaxe Limited
Omaxe Limited is an Indian real estate developer operating through subsidiaries such as Secure Properties Private Limited, focusing on property development and related projects. The group participates in capital markets via listed securities on BSE and NSE, and uses debt instruments to fund its operations and growth plans in the real estate sector.
Average Trading Volume: 12,940
Technical Sentiment Signal: Sell
Current Market Cap: 14.26B INR
Learn more about OMAXE stock on TipRanks’ Stock Analysis page.