Macrotech Developers Limited (“the Company”) has executed a Share Purchase Agreement (“SPA”) for acquisition of 100% stake in Janus Logistics and Industrial Parks Private Limited (“JLIPPL”), pursuant to which JLIPPL will become a wholly owned subsidiary of the Company.
This is in pursuance of their planned strategy for calibrated growth in our annuity income through Digital Infrastructure viz. Industrial and Logistics under the LILP (Lodha Industrial and Logistics Park) brand.
JLIPPL is engaged in the business of construction and development of warehousing and logistics assets. The acquisition is in pursuance of our planned strategy for calibrated growth in Digital Infrastructure viz industrial and logistics. No regulatory approvals are required for the acquisition.
The transaction has been completed on November 29, 2024. Cost of acquisition or the price at which the shares are acquired is Rs 47.94 crore.
The Company has acquired 100% equity stake in JLIPPL from Phoenix Logistics and Industrial Parks Private Limited. The Company has acquired 100% equity stake in JLIPPL from Phoenix Logistics and Industrial Parks Private Limited.
