Lancor Holdings Ltd's board approved a Rs 150 crore NCD issuance to bolster its financial flexibility, following earlier approvals for Rs 25 crore and Rs 60 crore raises. The move underscores Lancor’s ongoing capital-raising efforts to fund its real estate activities amid a challenging market environment.
Lancor Holdings Limited’s board has sanctioned the issuance of Non-Convertible Debentures (NCDs) totaling Rs 150 crore, enhancing its capital-raising efforts. This move, approved in a recent meeting held on October 30, 2025, aims to support company expansion and debt management strategies.
Key Highlights
The NCD issuance will be executed via private placement, with multiple tranches possible, at a face value of Rs 1 lakh per NCD.
The company has previously received approval for issuing up to Rs 25 crore in February 2025 and Rs 60 crore in June 2024, signaling ongoing fund-raising initiatives.
The announcement aligns with Lancor’s strategic focus on real estate development, including residential and commercial projects.
Source: NSE India, MoneyControl, Investor Feed