
Lodha Developers has agreed to acquire an 80% stake in Pune-based Solidrise Realty Private Limited for about ₹294.07 crore. The company signed the share purchase agreement on 14 February 2026, and the transaction is expected to be completed by 16 February 2026, as per the exchange filing.
The deal will be settled in cash, and Solidrise Realty will become a subsidiary once the process is complete. The filing also noted that the transaction does not fall under related-party dealings.
Solidrise Realty was incorporated on 21 March 2025 and operates in the real estate business in Pune. The acquisition is part of Lodha Developers’ plan to expand its presence in the city.
Pune has remained one of the key residential markets in Maharashtra, with demand from end users and investors.
For the October-December quarter, Lodha Developers reported a consolidated net profit of ₹956.9 crore, up from ₹944.4 crore a year earlier. The increase in profit stood at 1.3% year-on-year.
Revenue from operations rose to ₹4,672 crore from ₹4,083 crore in the same quarter last year, a 14.4% increase.
EBITDA for the quarter stood at ₹1,415 crore, compared with ₹1,305 crore in the corresponding period, while operating margin declined to 30.3% from 32%.
During the quarter, the company added 5 land parcels across Mumbai, Delhi-NCR and Bengaluru. These projects carry an estimated sales value of about ₹34,000 crore.
Lodha Developers has delivered more than 100 million square feet of real estate so far. It has an established presence in the Mumbai Metropolitan Region, Pune and Bengaluru, and has recently entered the Delhi-NCR residential market.
As of February 16, 2026, 09:26 am, Lodha Developers share price was trading at ₹1,076.50, a 0.27% increase from the previous closing price.
Read More: Lodha Signs MoU with Maharashtra Govt for Additional ₹1 Lakh Crore Investment in Data Centre!
The company will acquire an 80% stake in Solidrise Realty through a cash transaction. The share purchase agreement is expected to be completed by 16 February 2026.
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Published on: Feb 16, 2026, 11:08 AM IST

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