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Omaxe ltd. is in the business of developing real estate properties for residential, commercial and retail purposes with a presence across 27 cities in 8 states of India. It has undertaken various projects in the areas of contractual construction, township development, building of commercial complexes, multi-storied apartments, etc.
Omaxe's promoter, Guild Builders Private Limited, has created a Non-Disposal Undertaking (NDU) on an additional 3.53 crore equity shares of Omaxe Limited. This represents 19.28% of the company's total share capital and supports borrowings availed by a step-down subsidiary for the issuance of Non-Convertible Debentures (NCDs). Following this, Guild Builders'...