An existing investor in realty firm Macrotech Developers Ltd is likely to offload around 1% equity in the company through a block deal, sources told CNBC-TV18. The total size of the proposed transaction is estimated at $165 million, the sources added.
The floor price for the deal has been set at ₹1,384.6 per share, representing a 4% discount to Lodha Developers’ closing price today (July 22). The transaction is being executed as a clean-out trade, indicating a full exit by the selling shareholder. The identity of the investor has not been disclosed.
Q1 update
Macrotech Developers reported a 10% year-on-year increase in pre-sales to ₹4,450 crore for the quarter, while collections rose 7% to ₹2,880 crore. The Mumbai-based real estate firm said it has added five new projects across Mumbai, Pune and Bengaluru, with a total gross development value (GDV) of ₹22,700 crore — over 90% of its full-year business development guidance.
Also Read: Macrotech Developers declines up to 8% even after surpassing FY25 pre-sales guidance
Net debt stood at ₹5,080 crore as of June 30, well within its internal cap of 0.5x net debt-to-equity, despite higher investments in land acquisition and project development.
Shares of Macrotech Developers Ltd ended at ₹1,441.30, down by ₹7.20, or 0.50%, on the BSE today.
Also Read: Macrotech eyes 30% margin, moderate price growth in FY26
