Macrotech Developers unveils ₹2,500-cr. IPO : vimarsa

Macrotech Developers unveils ₹2,500-cr. IPO


Updated:
Share Article
AAA
Macrotech Developers Ltd, (formerly Lodha Developers Ltd.) proposes to raise ₹2,500 crore via an initial public offering.
The issue will open on April 7 at price band of ₹483 – ₹486 per equity share of face value of ₹10 each. The issue will close on April 9.
The company proposes to utilise the proceeds for reduction of aggregate outstanding borrowings amounting up to ₹1,500 crore, acquisition of land or land developmental rights aggregating up to ₹375 crore and the balance for general corporate purposes.
Affordable housing
Abhishek Lodha, managing director, said the company would focus on affordable and mid-income housing for which there was tremendous demand.

Related Keywords

Mumbai , Maharashtra , India , Abhishek Lodha , Macrotech Developers Ltd , Macrotech Developers , Lodha Developers Ltd , Mumbai Metropolitan , மும்பை , மகாராஷ்டிரா , இந்தியா , அபிஷேக் லோதா , லோதா டெவலப்பர்கள் லிமிடெட் , மும்பை பெருநகர ,

© 2025 Vimarsana