Synopsis:
On 23rd July, Lodha Developers saw a Rs. 1,425 crore block deal as 1 percent equity changed hands at Rs. 1,384.6 per share, likely marking a full investor exit.
During Wednesday’s trading session, shares of India’s leading real estate developer moved down by nearly 7 percent on BSE, after a few sources reported that nearly 1 percent equity changed hands worth nearly Rs. 1,425 crore or $165 million in the company via a block deal, likely marking a full investor exit.
At 12:36 p.m., shares of Lodha Developers Limited were trading in the red at Rs. 1,353.75 on BSE, down by nearly 6 percent, as against its previous closing price of Rs. 1,443.1, with a market cap of Rs. 1.35 lakh crores. The stock has delivered negative returns of about 1 percent in the last one year, and has fallen by more than 8 percent in the last one month.
What’s the News
On 23rd July, nearly 99.51 lakh equity shares,equivalent to a 1 percent equity of Lodha Developers—changed hands in a block deal, valued at ~Rs. 1,425 crores (or around $165 million), according to market sources. The floor price for the transaction was reportedly set at Rs. 1,384.6 per share, and the deal is believed to be a “clean-out” trade, indicating a full exit by the seller. The identity of the investor, however, remains undisclosed.
Additionally, shares of Oberoi Realty also tumbled by around 4 percent on BSE to Rs. 1,751 on Wednesday, following a large trade involving 1.11 crore equity shares—or roughly 3.1 percent equity. The shares changed hands at Rs. 1,753.2 per share, amounting to a deal value of nearly Rs. 1,987 crores (around $230 million). Sources suggest an existing institutional investor has likely offloaded their entire ~3 percent stake through this transaction.
Both the block deals in Lodha Developers and Oberoi Realty added pressure on the broader real estate sector. The NSE Realty Index declined nearly 3 percent during the trading session on Wednesday, marking its second consecutive day of losses.
Financials & more
Lodha Developers reported a marginal growth in its revenue from operations, showing a year-on-year rise of around 5 percent from Rs. 4,018 crores in Q4 FY24 to Rs. 4,224 crores in Q4 FY25. Similarly, its net profit increased during the same period from Rs. 667 crores to Rs. 923 crores, representing a rise of about 38 percent YoY.
Lodha Developers Limited, formerly known as Macrotech Developers Limited, is among the largest real estate developers in India and has been involved in the real estate business since the 1980s. The company is set to announce financial results for Q1 FY26 on Saturday, 26th July.
Written by Shivani Singh
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