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).
Macrotech Developers share price today: Macrotech Developers stock, which hit a 52-week high of Rs 1,538.65 on December 1, 2021 was trading at Rs 950 on BSE today, down 38.27 per cent during the period
Macrotech Developers share makes weak market debut, lists at 10% discount to issue price
Macrotech Developers share listed at Rs 436, a discount of 10.28% against IPO issue price of Rs 486 on NSE
BusinessToday.In | April 19, 2021 | Updated 11:02 IST
On BSE, Macrotech Developers listed at Rs 439, a 9.67% discount to issue price. Market cap of the firm stood at Rs 20,766 crore.
Macrotech Developers share listed at a discount of 10% to IPO issue price on NSE today. The stock of Mumbai-based real estate developer listed at Rs 436, a discount of 10.28% against IPO issue price of Rs 486 on NSE. Price band of the IPO was fixed at Rs 483 to Rs 486 per equity share.