Macrotech Developers Acquires Janus Logistics and Industrial Parks for Strategic Expansion
Macrotech Developers Limited, widely recognized as Lodha, has finalized the acquisition of Janus Logistics and Industrial Parks Private Limited (JLIPPL). Through a Share Purchase Agreement (SPA) executed on November 29, 2024, Lodha acquired a 100% stake in JLIPPL for a cash consideration of ₹47.94 crore. This acquisition establishes JLIPPL as a wholly owned subsidiary of Macrotech Developers.
About Janus Logistics and Industrial Parks Private Limited
Incorporated on December 20, 2022, JLIPPL focuses on the development and construction of warehousing and logistics infrastructure. While the company has not recorded any turnover or business activity in the past three years, it aligns with Macrotech Developers’ strategy to expand its footprint in the industrial and logistics segment under the Lodha Industrial and Logistics Park (LILP) brand.
Financial Details and Acquisition Highlights
- Net Worth: As of March 31, 2024, JLIPPL reported a net worth of ₹(0.18) crore.
- Completion Date: The acquisition was completed on the same day the SPA was signed.
- Regulatory and Governance: No regulatory approvals were required, and the transaction does not qualify as a related party transaction. Additionally, the promoter group and group companies have no vested interest in JLIPPL.
Strategic Significance
This acquisition is a pivotal step in Lodha’s strategy to bolster its Digital Infrastructure business by expanding into industrial and logistics assets. By leveraging JLIPPL, Macrotech aims to enhance its offerings under the LILP brand and position itself as a key player in the rapidly growing warehousing and logistics sector.
