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Lodha Developers files draft papers with SEBI for Rs 2,500-crore IPO With a dilution of 10% stake, Lodha Developers plans to raise around Rs 2,500 crore through listing of its shares on the stock exchanges in next few months BusinessToday.In | February 17, 2021 | Updated 16:34 IST Founded in 1995, Lodha Group is one of India's largest real estate players by sales bookings Mumbai-based realtor Macrotech Developers Ltd, or Lodha Developers, has filed draft papers with the capital market regulator, Securities and Exchange Board of India (SEBI) to raise Rs 2,500 crore via an initial public offer...

The group had forayed into the London realty market in 2013 and acquired two prime sites in central London for an investment of about 400 million pounds., , sebi, lodha developers, drhp, market conditions

Lodha Developers is likely to file IPO papers with SEBI in the next two days. It is likely to raise Rs 2,500 -Rs 2,700 crore form the market which is likely to be used for debt reduction and new projects

Synopsis The company, formerly known as Lodha Developers, has been trying to sell shares in an initial public offering since 2009. Macrotech made the latest announcement in an exchange filing on Tuesday. iStock A successful share sale will help the company, founded by a lawmaker from India’s ruling Bharatiya Janata Party, partially pay 80.8 billion rupees of liabilities due this year. Related By Rahul Satija and Dhwani Pandya Macrotech Developers Ltd., India’s biggest homebuilder, plans to raise 25 billion rupees ($344 million) in an initial share sale to help reduce its massive debt bur...

Read more about Lodha group gives IPO route a third shot, files DRHP for Rs 2,500-cr IPO on Business Standard. The group's Macrotech Developers plans to use Rs 1,500 crore from net proceeds to repay part of Rs 18,662 cr debt and Rs 375 crore to buy land