Godrej Properties on Tuesday reported an 84 per cent increase in sales booking last fiscal to a record Rs 22,500 crore on higher volumes and launch of premium housing projects amid strong consumer demand.
Shares of the company zoomed 7.85 per cent to hit a 52-week-high of Rs 2,791.20 on the BSE in
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Realty firm Macrotech Developers, also known as Lodha Group, has inked a share purchase agreement with Siddhivinayak Realties Private Limited to acquire a 50 per cent stake in the company. Additionally, the firm said it would raise Rs 125 crore through the issue of non-convertible debentures (NCDs).
Prominent names like Rajiv Jain s GQG Partners, Invesco Developing Markets Fund and Stitching Depositary APG Emerging Markets Equity Pool participated in Marcotech Developers QIP.