Page 2 - Lodhas Developers

Macrotech, Brigade Ent: Bet on these stks to benefit from real estate boom

Among other real-estate stocks, Indiabulls Real Estate remains in the bear trap, while Sobha and Godrej Properties were seen struggling to make a come back.

India home to 12 real estate billionaires; Rajiv Singh of DLF the richest

A large part of the rise in the fortunes of these realty barons is attributed to a rally in the real estate stocks at the bourses. For the year under review, the BSE Realty index gained 55 per cent

Macrotech arm Lodha prepays $170 mn debt out of total $225 million

Lodha Developers International Ltd, Mauritius has prepaid $170 million (approx. Rs 1,298 crore) of debt after recording better sales performances in its two projects in London.

Macrotech Developers up 14% on QIP issue; stock gains 200% in 7 months

The floor price of the QIP issue is Rs 1,184.70 per equity share, Macrotech Developers said in a regulatory filing.

Lodha launches Rs 4,000-cr QIP, fund raise will lead to 7.5% dilution

Close to 34 million new shares will be issued; BofA Securities, JP Morgan and Kotak Mahindra Capital are the investment banks handling the share sale

Harsh Lodha wins Supreme Court battle, can head four Birla companies

Top court directed Calcutta HC to dispose of all outstanding appeals and cross-appeals over Lodha holding office as a director in MP Birla Group companies by next March

Stocks to watch: Macrotech Developers, HDFC Bank, Mindtree, RCom, ACC

ICICI Lombard General Insurance Company reported 23 per cent YoY rise in net profit at Rs 346 crore for March quarter 2020-21

Lodha group's Rs 2,500 crore IPO subscribed 35% on penultimate day

Most of the bids so far have come from qualified institutional buyers (QIB)

Macrotech Developers' IPO draws mixed response from brokerages

The firm is one of India's largest developers by residential sales value for FY14 to FY20. Its core business is residential real estate development with focus on affordable and mid-income housing

Lodha allots shares worth Rs 740 cr to anchor investors ahead of IPO

The company allotted 15.2 million shares to 14 investors at Rs 486 apiece

Lodha Developers' international arm repays Rs 2,550 cr towards bonds

Last week it raised $200 million in senior secured notes due 2023 last week

Lodha Group calls for unconventional policies to fight growth woes

Calls for authorities to unveil more steps have been gaining steam. India's central bank has struggled to revive economic growth despite being the most aggressive slasher of rates among Asian peers.

Moody's cuts Mumbai Trump Tower builder's rating over debt obligation

Macrotech Developers, earlier known as Lodha Developers, has been cut by one step to Caa1.

15 years on, Birla and Lodha still splitting hairs over Priyamvada will

It all began in 2004, when the former chairman of Birla Corporation, Priyamvada Birla, died

Now Fitch, too, downgrades Lodha to 'B-', warns of more rating cuts

Any rating below BBB- is junk or below investment grade and the city's largest developer has already been having a junk rating by foreign rating agencies

After a lull, Birla Corp's Harsh Vardhan Lodha is back in the limelight

Latest in the series is court-appointed committee's decision to not support resolution seeking reappointment of Lodha as a director on the board of 2 group entities, Vindhya Telelinks and Birla Cable

Signs of stress: As fund flows dry up, Lodhas to sell assets to cut debt

To make matters worse, the IL&FS crisis also coincided with a weak stock market - leading to Lodha Developers dropping its share sale plan.