Advertisement
What really powers the cloud? Behind every Google search, A...
A lot of what defines a home isn’t visible at handover. I...
Private equity has played a significant role in shaping Indi...
Luxury real estate is one of the most talked-about segments ...
Airports play a much bigger role than just enabling travel -...
US-based Fidelity Investments has acquired a 1.99% stake in Lodha Developers for approximately INR 1,864.56 crore through open market transactions on the National Stock Exchange (NSE). The investment was made through eight Fidelity affiliates, which collectively purchased nearly 1.99 crore shares from promoter entities Hightown Constructions Pvt Ltd and Homecraft Developers and Farms Pvt Ltd at an average price of INR 937.85 per share. Following the transaction, the combined shareholding of the promoter and promoter group in the Mumbai-based developer declined to 70.28% from 72.27%. The acquisition comes after Lodha Developers reported higher quarterly earnings and reflects continued institutional investor interest in India's listed real estate companies.
Fidelity Investments has acquired a 1.99% stake in Lodha Developers for approximately INR 1,864.56 crore through a series of block deals executed on the National Stock Exchange (NSE) during the past week. The shares were purchased from two promoter group entities—Hightown Constructions Pvt Ltd and Homecraft Developers and Farms Pvt Ltd—resulting in a reduction in the promoters' combined holding in the Mumbai-based real estate developer.
According to NSE block deal data, eight affiliates of the US-based financial services company participated in the acquisition. These included FMRC Fidelity Advisor International Capital Appreciation Fund and FRST II Strat Adv Fide Interl Fund, among other Fidelity-managed investment vehicles. Collectively, the funds purchased 1,98,81,296 equity shares, representing a 1.99% stake in Lodha Developers.
The transactions were executed in eight separate tranches at an average price of INR 937.85 per share. Based on the transaction price, the total deal value amounted to approximately INR 1,864.56 crore. The sellers, Hightown Constructions Pvt Ltd and Homecraft Developers and Farms Pvt Ltd, offloaded an identical number of shares at the same price through the block deal mechanism.
Following the stake sale, the combined shareholding of the promoters and promoter group entities in Lodha Developers declined to 70.28%, compared with 72.27% before the transaction. Despite the reduction, the promoter group continues to retain a controlling stake in the company.
Shares of Lodha Developers responded positively to the transaction, rising 1.28% to close at INR 949.90 apiece on Thursday, above the average block deal price.
The latest investment adds to Fidelity Investments' recent activity in the Indian equity market. Earlier this month, the global investment firm divested a 1.3% stake in e-commerce company Meesho for around INR 988 crore. In January, Fidelity also sold a 1.94% stake in Aditya Birla Lifestyle Brands through an open market transaction valued at approximately INR 261 crore.
The block deal also follows Lodha Developers' latest financial results, announced in April, which showed continued growth in earnings. The company reported a 9% year-on-year increase in consolidated net profit to INR 1,008.1 crore for the quarter ended March 2026, compared with INR 922.8 crore in the corresponding quarter of the previous financial year. Total income during the quarter increased to INR 4,840 crore from INR 4,420 crore a year earlier, supported by higher revenue from operations and sustained demand across its residential portfolio.
The transaction underscores continued institutional interest in India's listed real estate sector, with global investors selectively increasing exposure to developers demonstrating consistent sales performance and financial growth.
Source - PTI
Advertisement
Facebook
Whatsapp
