Lodha Developers Block Deal: Sale of 1% Stake Worth $165 Million

A shareholder in real estate developer Lodha Developers Ltd (formerly known as Macrotech Developers Ltd) is expected to divest approximately 1% of their equity stake in the company through a block deal as per news reports. The total value of the proposed transaction was estimated at around $165 million.

Lodha Developers Block Deal Details

The floor price for the share sale had been fixed at ₹1,384.6 per share, reflecting a discount of about 4% to the closing price of Lodha Developers on July 22. The deal was being conducted as a clean-out trade, implying a complete exit by the selling investor. The identity of the exiting stakeholder was not disclosed.

Also Read: Oberoi Realty Block Deal: Institutional Investor to Offload 3% Stake

Lodha Developers Q1 FY26 Business Update

• Pre-Sales: Pre-sales for the quarter stood at ₹44.5 billion, marking a 10% year-on-year growth. This performance was achieved despite a temporary slowdown in activity during the first half of the quarter due to geopolitical tensions, which resulted in a two-week disruption. The company anticipated recovering the lost momentum over the remainder of the fiscal year and reaffirmed its full-year FY26 pre-sales guidance of ₹210 billion. The pipeline for new launches was further strengthened, supported by strong business development activity during the quarter.
• Collections: Collections for Q1FY26 reached ₹28.8 billion, representing a 7% year-on-year increase. These figures were in line with internal targets, and a significant uptick in collections was projected for the second half of the fiscal year compared to the first.
• Business Development: During the quarter, five new projects were added across key markets—MMR, Pune, and Bengaluru—contributing a Gross Development Value (GDV) of ₹227 billion. This figure accounted for over 90% of the company’s full-year guidance of ₹250 billion, indicating a robust development pipeline.
• Net Debt Position: Despite substantial capital deployment towards business development initiatives, the company’s net debt stood at ₹50.8 billion. This remained comfortably below the company’s stated cap of 0.5x Net Debt to Equity.

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