Page 2 - Marcotech Developers News Today : Breaking News, Live Updates & Top Stories | Vimarsana

COVID-19 hits the markets, realty already has its own problems In addition to the second wave of COVID-19 dampening the market sentiment, analysts are concerned about how Macrotech Developers will be able to persevere through the tough times. This is because while other sectors are facing the brunt of the pandemic as well, realty is seeing its worst slow down in five years. Moreover, the nature of the realty industry is capital intensive, and the company has a lot of debt on its plate — ₹1,500 crore of its fresh funds will be going towards reducing its borrowings. Advertisement The ...

The basis of allotment for the ₹2,500 crore IPO of Marcotech Developers is set to be announced tomorrow on April 16.The IPO saw muted demand being subscribed

MUMBAI: Prominent investor Rakesh Jhunjhunwala may have placed a bid for shares of Marcotech Developers, formerly called Lodha Developers, in the company’s ongoing initial public offering, business news channel ETNow reported. The report comes at a time when the city-based real estate developer’s IPO has struggled for response from investors. The IPO was subscribed merely 35 per cent on the second day of the bidding process. It closes for subscription on Friday. ETMarkets could not independently verify the report. The lack of response from retail and high net-worth individuals has been p...