Lucina Land Development Limited is a company incorporated under the Companies Act, 1956, involved in real estate development, notably the 'Indiabulls Greens & Park' project in Panvel. It is a wholly owned subsidiary of Embassy Developments Limited (EDL), which provides an unconditional and irrevocable Corporate Guarantee for LLDL's debt obligations. The company benefits from a strategic land bank and experienced management.
Key Management Personnel
Meyyappan Ramanathan
Whole-time Director
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News
Equinox India entity raises Rs 950 crore via NCD issue
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70 weeks ago
Equinox India Developments (formerly Indiabulls Real Estate) raised ₹950 crore on Thursday through non-convertible debentures (NCDs) to fund Indiabulls Greens & Park in Panvel.
The 48-month NCDs, issued by Lucina Land Development (LLDL), offer an interest rate of 13.00% and are backed by corporate guarantees from Equinox India, Sion Developers, Citra Properties and RGE Constructions.