Macrotech Developers (Lodha) Acquires Remaining Stake in Three Subsidiaries
Macrotech Developers Ltd is primarily engaged in the business of real estate development. It is among the largest real estate developers in terms of presales and development pipeline in India with a presence in MMR, Pune and entered in Bengaluru market.
Macrotech Developers Ltd. (Lodha) is set to acquire full ownership of three entities: Bellissimo Digital Infrastructure Development Management, Palava Induslogic 4, and Bellissimo In City FC Mumbai 1, after buying the remaining shares from Bain Capital’s India Opportunities Fund. This acquisition aligns with Lodha’s strategy to boost annuity income via industrial and logistics investments under its Lodha Industrial and Logistics Park (LILP) brand. The total acquisition cost is ₹307 crore, to be paid in cash, with timelines varying for each entity’s completion.