General Announcement::Lodha Developers Limited Parent Guarantor Announcement

Issuer & Securities

Issuer/ Manager
LODHA DEVELOPERS INTERNATIONAL LIMITED
Securities
LODHA DEV US$200M 12% 200313 - XS1148395582 - 25WB
Stapled Security
No

Announcement Details

Announcement Title
General Announcement
Date &Time of Broadcast
22-Jan-2019 18:14:57
Status
New
Announcement Sub Title
Lodha Developers Limited Parent Guarantor Announcement
Announcement Reference
SG190122OTHRCSYR
Submitted By (Co./ Ind. Name)
Sanjyot Rangnekar
Designation
Authorised Person
Effective Date and Time of the event
22/01/2019 15:45:00
Description (Please provide a detailed description of the event in the box below)
Lodha Developers Limited has entered into a definitive agreement for the sale of 28% of its equity holdings in Lodha Developers UK Limited and intends to use the sale proceeds to reduce its consolidated debt. The transaction is expected to be consummated within the next 30 days, subject to fulfillment of conditions set out in the agreement.