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As on September 2022, promoters had 82.20 per cent stake in the company and they needed to bring it down to 75 per cent in order to maintain the minimum 25 per cent public shareholding.
Macrotech Developers said its board has approved and finalised the confirmation of allocation note to be sent to the eligible qualified institutional buyers, intimating them of transfer of shares pursuant to the offer
As on September 2022, promoters had 82.20 per cent stake in the company and they needed to bring it down to 75 per cent in order to maintain the minimum 25 per cent public shareholding.
Pursuant to the QIP, the company has raised approximately Rs 10,000 crore of equity in the last 20 months, , Macrotech Developers, lodha group, qualified institutional placement (QIP), Abhishek Lodha, stake sale, Marquee Investors
Get latest articles and stories on Latest News at LatestLY. Realty firm Macrotech Developers' promoters plan to raise about Rs 3,500 crore by selling shares to institutional investors, according to sources. Latest News | Macrotech Developers' Promoters Plan to Raise Rs 3,500 Cr Via Sale of Shares to Institutional Investors.