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Macrotech Developers enters into agreement to acquire 50% stake in Siddhivinayak Realties

Macrotech Developers enters into agreement to acquire 50% stake in Siddhivinayak Realties
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Macrotech Developers stock in focus: Firm to buy 50% in Siddhivinayak Realties, raise Rs 125 crore

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).

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Macrotech Developers to raise ₹125 cr through issue of debentures

Macrotech Developers to raise ₹125 cr through issue of debentures
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DB Realty shares trade in green on stake deals for Siddhivinayak Realties

The investment in SVRPL is strategic as it will generate revenue and will indirectly result into the growth of the company, said DB Realty.

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