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Business Standard

Macrotech Developers raises stake in 3 warehousing firms for Rs 239.56 cr

Macrotech Developers has increased its stake in three warehousing companies by buying out shares of Ivanhoe Warehousing India Inc. in these firms for Rs 239.56 crore. The share acquisition in the three firms would help Macrotech Developers in increasing its rental income. In a regulatory filing, the company said it has executed Securities Purchase Agreements (SPAs) with Ivanhoe Warehousing India Inc in this regard. It has increased its stake in "Digital Infrastructure Platform entities (Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd), in entirety at a consideration of Rs 239.56 crore, the filing added. The company's interest post the above acquisition in Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd would increase to 70 per cent, 66.67 per cent and 66.67 per cent, respectively, it added. Macrotech ...

CNBC TV18

Macrotech Developers plans to acquire Ivanhoe's stake in three entities for ₹239 crore

Macrotech Developers Share Price | After the acquisition of stake Macrotech Developers’ stake in Bellissimo Digital Infrastructure Development Management Pvt Ltd will increase to 70%. Similarly, Macrotech’s shareholding in Palava Induslogic 4 Pvt Ltd and Bellissimo In City FC Mumbai 1 Pvt Ltd, will increase to 66.67% in both the companies.

Business Standard

Macrotech acquires additional stake in digital infrastructure platform entities for Rs 240 crore

Macrotech Developers said that it has executed securities purchase agreements with Ivanhoe Warehousing India Inc. for acquisition of their interest in the digital infrastructure platform entities in Maharashtra for Rs 239.56 crore.

The Economic Times

Macrotech Developers buys out Ivanhoé Cambridge’s stake in 3 joint en

Realty developer Lodha, listed as Macrotech Developers, has acquired Ivanhoé Cambridge's stake in three joint entities for Rs 239.56 crore. This move aligns with Lodha's strategy to grow its annuity income. The acquisition increases Lodha's stakes in Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1.

The Economic Times

Big movers on D-Street: What should investors do with Marcrotech Developers, HDFC Bank and Adani Green?

Sensex rebounded nearly 100 points to hit a lifetime closing high, while Nifty ended just shy of its record peak. Stocks in focus included Macrotech Developers, HDFC Bank, and Adani Green. Analysts suggest cautious approaches for these stocks, with specific recommendations for entry points and target prices.

The Economic Times

Hot stocks: Brokerage view on HUL, Axis Bank, Macrotech Developers, Hero Motocorp

Brokerage firms BofA and Nomura have given buy ratings to HUL and Macrotech Developers, respectively. CLSA has an outperform rating on Axis Bank, while UBS has a sell view on Hero Motocorp. These recommendations highlight potential growth areas and strategic focuses for each company.

Business Line

Lodha’s digital infrastructure platform sees slow progress as land costs spike

In 2022, the three entities came had come together and announced investing $1 billion to develop and set up 30 million sqftuare feet of operating assets consisting of logistics, light industrial parks, and in-city fulfilment centres

The Economic Times

Macrotech Developers acquires 2 warehousing cos for Rs 96 cr

Macrotech Developers has acquired Opexefi Services and One Box Warehouse for a total sum of nearly Rs 96 crore. This strategic move aims to bolster their logistics park and warehouse development sector. The logistics and warehousing market in India is experiencing a significant surge, driven by economic reforms and rapid e-commerce growth.

CNBC TV18

Reliance, IndiGo, PB Fintech, Vedanta, Vodafone Idea and more: Top stocks to watch out for on August 29

stocks to watch, Reliance Industries, IndiGo, PB Fintech, Vedanta, Lemon Tree Hotels, Vodafone Idea, VLS Finance, Macrotech Developers, NLC India, KEC International, Welspun Living and more, these are the stocks to watch for today.

The Economic Times

Medikabazaar appoints Dinesh Lodha as new CEO amid leadership changes

Dinesh Lodha comes in place of Vivek Tiwari, the company’s cofounder who stepped down from the CEO’s position in the backdrop of the company facing allegations of financial discrepancies. Medikabazaar, last valued at $650 million, had appointed former Jet Airways CFO Ravishankar Gopalakrishnan as group chief operating officer and whole-time director in April.

The Economic Times

Macrotech Developers to launch Rs 11,980 cr worth properties by March amid strong housing demand

Macrotech Developers Ltd, a leading real estate firm, has launched projects worth Rs 3,000 crore in the June quarter and plans to introduce nearly Rs 12,000 crore worth of new properties by March next year. Operating under the Lodha brand, the company is expanding its presence from Mumbai and Pune to Bengaluru.

Business Standard

House of Abhinandan Lodha eyes 30% growth in property sales in FY25

Realty firm The House of Abhinandan Lodha, which is into development of residential plots, reported a 3-fold jump in sales bookings last financial year to Rs 1,800 crore and is targeting at least a 30 per cent growth in 2024-25, amid strong consumer demand. Mumbai-based The House of Abhinandan Lodha, which was formed in 2021, has already launched nearly 10 plotted development projects covering 650 acres in Maharashtra, Goa, and Ayodhya in Uttar Pradesh. The company has sold plots in a price range of Rs 10 lakh to Rs 15 crore, depending on the location. In an interview to PTI, the company's Chairman Abhinandan Lodha noted that the demand for housing plots has been very strong post-COVID pandemic. Asked about operational performances, he said, "In the last fiscal, we did close to Rs 1,800 crore of sales bookings as against around Rs 570 crore in the 2022-23 fiscal. We expect our sales to continue to grow at 30 per cent or more in the current fiscal." Lodha said the company's profit a

The Economic Times

Lenders approve Nazara's resolution plan to buy Smaaash

Nazara's resolution plan received 99% of the creditors' vote in a process which was completed earlier this week. The second bidder-a consortium of financial services firm Resurgent India and Sanjay Lodha-did not increase its offer during negotiations with lenders, people cited above said.

Business Line

Stocks that will see action today: July 15

Buzzing stocks: Tata Steel, Signature Global, Sunteck Realty, Macrotech Developers, IREDA, RVNL, PTC Industries, Apollo Micro Systems, Tata Power, Apollo Micro, Piramal Pharma, Alembic Pharma, Lupin,EMS, Shantai Industries

The Economic Times

Macrotech Developers Q1 sale bookings up 20 pc to Rs 4,030 cr on stronghousing demand

Macrotech Developers' Lodha brand reported a 20% Q1 FY25 sales rise to Rs 4,030 crore from Rs 3,350 crore. Operating in Mumbai, Pune, and Bengaluru, it plans 17 new projects worth Rs 12,000 crore. Collections were Rs 2,690 crore. Pre-sales hit Rs 14,520 crore in FY23-24. Aiming for Rs 17,500 crore this fiscal with 10.1 million square feet GDV.

The Economic Times

India tops China in billion-dollar realty companies

India's real estate sector has surged, boasting 36 homegrown companies valued at $1 billion or more, surpassing China in this regard. The growth, outlined in the 2024 GROHE-Hurun India Real Estate 100 report, highlights the sector's robust expansion driven by urbanization, infrastructure development, and shifting consumer preferences. Leading the pack is DLF with a valuation of ₹2 lakh crore, followed by Macrotech Developers and Adani Realty. Mumbai leads with 33 companies on the list, underscoring India's thriving property market amid significant global contrasts in real estate fortunes.

The Economic Times

DLF chairman Rajiv Singh leads wealth rankings in 2024 GROHE-Hurun report on India's real estate titans

The 2024 GROHE-Hurun report unveils India's top real estate entrepreneurs and companies, highlighting significant wealth increases and company valuations. DLF Chairman Rajiv Singh leads with Rs 1,24,420 crore, followed by Mangal Prabhat Lodha of Macrotech Developers and Gautam Adani of Adani Realty. The report, based on May 31, 2024, data, also ranks DLF as the top-valued company at Rs 2 lakh crore, with Macrotech Developers and IHCL securing high valuations in the real estate sector.