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Macrotech Developers raises 740 Cr from 14 Anchor Investors


Macrotech Developers raises 740 Cr from 14 Anchor Investors
Posted On:
2021-04-06 10:21:22
(Time Zone: Arizona, USA)
Affordable and Mid Income Housing focused Macrotech Developers Limited also known as Lodha Developers has raised Rs. 740 crore from 14 anchor investors. The company informed the bourses that it has allocated 1.52 Cr shares at Rs. 486 per share on Tuesday, April 6, 2021 to anchor investors.
12 Foreign Portfolio Investors who participated in the anchor were Capital Group; Nomura; Ivanhoe Cambridge, real estate arm of CDPQ; Wellington Asset Management,; Abu Dhabi Investment Authority, Abu Dhabi s sovereign fund; Platinum Asset Management, Marshall Wace, Brookfield Asset Management, Segantii, York, Oxbow and Discovery. These investors were allocated approximately 1.45 Cr. shares for approximately Rs 705 Cr. ....

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Macrotech Developers Limited IPO to open on April 7, 2021, closes on April 9, 2021


Macrotech Developers Limited IPO to open on April 7, 2021, closes on April 9, 2021
Posted On:
2021-04-01 04:54:32
(Time Zone: Arizona, USA)
Macrotech Developers Limited (erstwhile Lodha Developers Limited), a Mumbai based real estate developer will open the bid/offer period in relation to its initial public offering of Equity Shares (the Issue / IPO ) on Wednesday, April 7, 2021 and close on Friday, April 9, 2021.
The price band for the offer has been determined at Rs. 483 - Rs. 486 per equity share. The company may, in consultation with the Global Coordinators Book Running Lead Managers and book running lead managers (the Managers ), consider participation by anchor investors which shall be one working day prior to the bid/offer opening date, i.e. Tuesday, April 6, 2021. ....

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