Macrotech Developer News Today

Under the resolution plan, Macrotech Developers will pay Rs 900 crore in tranches over a period of 270 days. The first tranche of Rs 90 crore has already been remitted.

Lodha Group-owned Macrotech Developers is paying around Rs 890 crore to acquire the hotel property in Juhu, an affluent suburb in western Mumbai. The bankrupt hotel company had admitted liabilities of over Rs 2,500 crore. Financial lenders of V Hotels had in June 2023 approved Macrotechs resolution plan with all voting in its favour.

The company's total income increased to ₹10,469.5 Crore in FY2023–24 from ₹9,611.2 Crore in the FY2022–2023 fiscal year.

Macrotech Developers shares are up 8.3 per cent in 2024 so far. The stock has delivered a solid 153 per cent return in the past one year.

Axis Bank has paid a security deposit of ₹5.12 crore for the deal that was registered on January 31, 2024, the leave and license agreement showed

The rally in the equity markets in the second half of 2023 has led to a sharp surge in the cutoff for stocks to qualify as largecaps and midcaps. On the latest list put out by the Association of Mutual Funds in India (Amfi), the smallest largecap stock now has a market capitalisation (m-cap) of Rs 67,000 crore, 35 per cent higher than in July 2023. In the case of midcaps, the cutoff has surged 26 per cent to Rs 22,000 crore.

Indias benchmark indexes rose for the second session in a row on Friday, led by a jump in auto and IT stocks, while Macrotech Developers robust sales boosted the realty sector. The...

The 30-share BSE Sensex pack surged 570 points to hit a lifetime high of 71,084.08 while the broader NSE Nifty index moved 173 points up to touch a record high of 21,355.65.

Indias LIC Housing Finance reported a second-quarter profit on Wednesday that was slightly ahead of analysts estimates on the back of healthy demand for housing loans....

The company’s headquarters — currently in Wadia International Center on Worli’s Budhkar Marg — is expected to be shifted to this place soon, in line with its expansion and consolidation plan.