The share price of Macrotech Developers Ltd, the second-largest real estate developer in India, garnered attention on January 23, 2025, as it recovered from the day’s low to trade near the day’s high. By mid-morning, the stock was up by 0.90%. However, the focus was not solely on its stock performance but also on an intensifying trademark dispute within the Lodha family, involving a ₹5,000 crore lawsuit filed by Macrotech Developers.
Macrotech Developers, led by Abhishek Lodha, initiated legal proceedings against Abhinandan Lodha in the Bombay High Court, citing trademark infringement. The lawsuit alleges that Abhinandan’s companies have unlawfully used the ‘Lodha’ and ‘Lodha Group’ brand names, which are closely associated with Macrotech Developers’ real estate ventures marketed under the Lodha brand.
This case is seen as the culmination of a long-standing rivalry between the brothers, fuelled by disputes over the use of the Lodha brand and lingering tensions from their shared history in the family business.
The disagreement traces back to 2017 when Abhinandan Lodha left the family business to establish his own ventures, including The House of Abhinandan Lodha (HoABL). A family settlement agreement that same year reportedly granted him ₹1,000 crore and a non-compete clause, restricting him from using the Lodha name in real estate or entering competing businesses.
However, accounts differ. Abhinandan’s representatives claim the settlement was for ₹500 crore, including some apartments, and have accused Macrotech Developers of spreading misleading information.
The legal battle has undoubtedly drawn investor attention. As of January 23, 2025, Macrotech Developers’ stock showed resilience, recovering from the day’s low to trade near its high.
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Published on: Jan 23, 2025, 3:05 PM IST
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