Fidelity acquires 2% stake in Lodha Developers for ₹1,865 cr
pre-market1 source ↓written by the desknot a recommendation
- in Lodha Developers
- 2% stake
- block deals totaling
- ₹1,865 cr
- promoter entities
- ₹937.85 per share
- involving
- 1.99 crore shares
Fidelity Investments has acquired a 2% stake in Lodha Developers through block deals totaling ₹1,865 cr. The shares were purchased from promoter entities at ₹937.85 per share, involving nearly 1.99 crore shares. This acquisition reflects Fidelity's strategic investment in the real estate sector, potentially enhancing market confidence in Lodha's future performance.
Not investment advice. For informational purposes only.