Buy Macrotech Developers; target of Rs 1600: Emkay Global Financial
Emkay Global Financial is bullish on Macrotech Developers has recommended buy rating on the stock with a target price of Rs 1600 in its research report dated November 29, 2021.
Macrotech Developers rallies 6%, hits new high on growth prospects
The company plans to nearly double its pre-sales to Rs 14,000 crore by financial year 2023-24 (FY24) and further grow to Rs 20,000 crore by FY26
Macrotech Developers to invest Rs 3,000 crore as it eyes Bengaluru entry
Realty firm Macrotech Developers, which has projects in Mumbai and Pune regions, is looking to enter the Bengaluru market to tap huge property demand in the IT city and will invest Rs 3,000 crore equity capital for growth as it aims to increase its annual sales bookings by almost three times to Rs 20,000 crore by 2025-26, a top company official said. The Mumbai-based company, erstwhile Lodha Developers, is one of the leading real estate firms in the country and markets its properties under 'Lodha' brand. In an interview with PTI, Macrotech Developers Managing Director and CEO Abhishek Lodha said the company would deploy Rs 3,000 crore, out of the total Rs 4,000 crore recently being raised via sale of shares to institutional investors, for growth in the capital-light manner in Mumbai Metropolitan Region (MMR) and Pune. "Now with our balance sheet being rock solid that it is right now, the demand is just becoming enormous. That is why we have raised fresh capital within seven months o
Macrotech Developers Ltd - 543287 - SEBI Approval On Issue Of Equity Shares Pursuant To Employee Stock Option Schemes For Achieving Minimum Public Shareholding
SEBI approval on issue of equity shares pursuant to Employee Stock Option Schemes for achieving minimum public shareholding Macrotech Developers Ltd - 543287 - SEBI Approval On Issue Of Equity Shares Pursuant To Employee Stock Option Schemes For Achieving Minimum Public Shareholding
SEBI approval on issue of equity shares pursuant to Employee Stock Option Schemes for achieving minimum public shareholding Macrotech Developers Ltd - 543287 - Shareholding for the Period Ended November 18, 2021
Macrotech Developers Ltd has submitted to BSE the Shareholding Pattern for the Period Ended November 18, 2021. For more details, kindly Click here
Macrotech Developers raises Rs 4,000 crore via QIP for growth, debt reduction
The Mumbai-based company, erstwhile Lodha Developers, is one of the leading real estate firms in the country and market its properties under 'Lodha' brand. Macrotech Developers Ltd - 543287 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
Press Release on approval of allotment of equity shares under QIP is enclosed herewith Macrotech Developers Ltd - 543287 - Allotment Of Securities Under QIP
Please note that the Committee for Fund Raise of the board of directors of the Company ('Committee') has, at its meeting held today i.e. November 18, 2021 approved the allotment of 3,41,88,034 Equity Shares of face value Rs.10 each to eligible qualified institutional buyers at the issue price of Rs 1,170 per Equity Share (including a premium of Rs. 1,160 per Equity Share) against the floor price of Rs. 1,184.70 per Equity Share, aggregating to Rs 4,000 crore (Rupees Four thousand crore only), pursuant to the Issue. Macrotech Developers Ltd - 543287 - Board Meeting Outcome for Outcome Of The Committee For Fund Raise Meeting Held On November 18, 2021
Qualified institutions placement of equity shares of face value Rs.10 each (the ''Equity Shares'') by Macrotech Developers Limited (the ''Company'') under the provisions of Chapter VI of Securities and Exchange Board of India (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended (the ''SEBI ICDR Regulations''), and Sections 42 and 62 of the Companies Act, 2013, as amended, including the rules made thereunder (the ''Issue'').