Fidelity invests ₹1,864 crore in Lodha Developers stake
pre-market1 source ↓written by the desknot a recommendation
- in Lodha Developers
- 2% stake
- through open market
- ₹1,864 crore
- at an average
- 1,98,81,296 shares
- each
- ₹937.85
Fidelity Investments acquired a 2% stake in Lodha Developers for ₹1,864 crore through open market transactions. The purchase involved 1,98,81,296 shares at an average price of ₹937.85 each, executed in eight tranches. This significant investment reflects confidence in the Mumbai-based realty firm’s growth potential.
Not investment advice. For informational purposes only.