Macrotech Developers Ltd Share Price – NSE  / BSE

Realty, Mid Cap

Macrotech Developers, a leading real estate firm, sells properties under Lodha brand.

The company informed that it has executed Securities Purchase Agreements (“SPAs”) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (“Bain Capital”) for acquisition of their interest in the Digital Infrastructure Platform entities (viz. Bellissimo Digital Infrastructure Development Management Private Limited, Palava Induslogic 4 Private Limited and Bellissimo In City FC Mumbai 1 Private Limited), in entirety at a consideration of Rs 307 crore

Bain Capital had a 30% stake in Bellissimo Digital Infrastructure Development Management and a 33.33% stake each in the other two entities.

This is in line with the company's objective of gradually growing its annuity income. This is in pursuance of our planned strategy for calibrated growth in our annuity income through digital infrastructure viz. industrial and logistics under the LILP (Lodha Industrial and Logistics Park) brand, the company said.

In September 2024, Macrotech Developers acquired the interest of Ivanhoe Warehousing India Inc (Ivanhoe) in the digital infrastructure platform entities.

Macrotech Developers (Lodha Group) is among the largest real estate developer in India that delivers with scale since 1980s. Core business of Lodha Group is residential real estate development with a focus on affordable and mid-income housing.

Its consolidated net profit surged 109.46% to Rs 422.9 crore on 50.07% jump in revenue from operations to Rs 2,625.7 crore in Q2 FY25 over Q2 FY24.

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Macrotech Developers has executed Securities Purchase Agreements (SPAs) with India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1 (Bain Capital) for acquisition of their interest in the Digital Infrastructure Platform entities (viz. Bellissimo Digital Infrastructure Development Management , Palava Induslogic 4 and Bellissimo In City FC Mumbai 1 ), in entirety at a consideration of Rs 307 crore, subject to fulfilment of certain closing conditions.

This is in pursuance of our planned strategy for calibrated growth in our annuity income through Digital Infrastructure viz. Industrial and Logistics under the LILP (Lodha Industrial and Logistics Park) brand, the company said.

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Macrotech Developers Ltd rose 1.68% today to trade at Rs 1238.05. The BSE Realty index is up 0.65% to quote at 7952.89. The index is down 1.13 % over last one month. Among the other constituents of the index, Phoenix Mills Ltd increased 1.5% and Oberoi Realty Ltd added 1.13% on the day. The BSE Realty index went up 53.7 % over last one year compared to the 23.55% surge in benchmark SENSEX.

Macrotech Developers Ltd has added 6.04% over last one month compared to 1.13% fall in BSE Realty index and 1.66% drop in the SENSEX. On the BSE, 2911 shares were traded in the counter so far compared with average daily volumes of 38882 shares in the past one month. The stock hit a record high of Rs 1648 on 18 Jun 2024. The stock hit a 52-week low of Rs 822.5 on 07 Nov 2023.

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Macrotech Developers has allotted 78,328 equity shares of Rs.10/- each on October 29, 2024, pursuant to the Macrotech Developers Limited - Employee Stock Option Scheme 2021 – II.

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