Wednesday, July 1, 2026

Lodha Developers founder group sell stake worth ₹1,865 crore via block deals

Date:

Shares of Lodha Developers Ltd. were trading higher by 2% on Thursday, June 25, after Bloomberg reported that founder group companies were the sellers in the day’s block deals, raising about ₹1,865 crore through a stake sale.According to the Bloomberg report, the transaction involved promoter entities and was executed through multiple block deals. The company has not made any exchange filing regarding the transaction.

Promoter holding
As of March 31, 2026, the promoter and promoter group held 72.27% stake in Lodha Developers, amounting to 72.19 crore equity shares. Public shareholders owned the remaining 27.73%.The largest promoter shareholder as of March 2026 was Sambhavnath Trust, through its trustees Abhishek Lodha and Vinti Lodha, which held a 23.12% stake.
Among public shareholders, foreign portfolio investors (FPIs) were the largest category with a 21.25% stake, while domestic mutual funds held 3.37%. Insurance companies owned 1.23% of the company.Within the FPI category, New World Fund Inc. was the single-largest disclosed shareholder with a 4% stake as of the March quarter.

Macrotech Developers has nearly 1.48 lakh public shareholders, according to the company’s latest shareholding pattern.

Lodha target over ₹8,500 crore profit by FY31

Lodha Developers has outlined an ambitious medium-term growth roadmap. Last month, Managing Director and CEO Abhishek Lodha said the company aims to more than double its annual net profit to over ₹8,500 crore by FY31 from ₹3,430 crore in FY26, implying a 20% CAGR.

The company has also guided for ₹24,000 crore in pre-sales during FY27, up 17% from FY26, and plans to launch residential projects with an estimated sales value of ₹21,800 crore this fiscal across the Mumbai Metropolitan Region, Pune, Bengaluru and Delhi-NCR.

Shares of the company were trading 2.22% up on Thursday at ₹958.65. The stock has fallen about 11% so far in 2026 and has declined more than 34% over the 12 months.

Source link

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Subscribe

spot_imgspot_img

Popular

More like this
Related

Gold price drops below $4,000, down 12% in June – biggest monthly decline since 2008: what lies ahead?

सोने की कीमत का दृष्टिकोण: सोने की कीमतों में...

US alien registration rule explained: Who has to register, key requirements and penalties

The US Department of Homeland Security (DHS) has finalised...

IIFL Finance plans ₹10,000 crore fund raise; board also ups borrowing limits

IIFL Finance Ltd. is set to strengthen its capital...