Macrotech Developers Ltd Share Price – NSE  / BSE

Realty, Mid Cap

Macrotech Developers has allotted 30,000 rated, listed, senior, secured, redeemable, taxable, transferable, non-convertible debentures of Rs 1,00,000 each aggregating to Rs 300 crore.

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Macrotech Developers has allotted 83,375 equity shares under ESOS on 10 December 2024.

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Janus Logistics and Industrial Parks (JLIPPL) engaged in the business of construction and development of warehousing and logistics assets. The total turnover for last 3 years is NIL as JLIPPL has no business operations.

The acquisition is in pursuance of the company's planned strategy for calibrated growth in Digital Infrastructure viz industrial and logistics under the LILP (Lodha Industrial and Logistics Park) brand.

The company has acquired 100% equity stake in JLIPPL from Phoenix Logistics and Industrial Parks.

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.

The company’s 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.

The scrip fell 1.66% to close at Rs 1,253.45 on Friday, 29 November 2024.

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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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