Lodha Developers Allots Shares Under Employee Stock Option Scheme
Lodha Developers (NSE:LODHA, BOM:543287) allotted 50,720 equity shares of 10 rupees each under its Employee Stock Option Scheme 2021-II, according to a Wednesday exchange filing.
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Lodha Developers (NSE:LODHA, BOM:543287) allotted 50,720 equity shares of 10 rupees each under its Employee Stock Option Scheme 2021-II, according to a Wednesday exchange filing.
Lodha Developers (NSE:LODHA, BOM:543287) has acquired the remaining 20% stake in Bellissimo Infratech, converting the Pune-focused real estate company into a wholly owned subsidiary, according to a Monday Indian bourse filing.The company paid 735.2 million rupees in cash for the stake, as part of its growth strategy for Pune.Bellissimo Infratech had a net worth of 973 million rupees as of March 31, 2026, and reported no turnover as it had not commenced operations.
Lodha Developers (NSE:LODHA, BOM:543287) has an average rating of buy and mean price target of 1,312.74 Indian rupees, according to analysts polled by FactSet.
Lodha Developers (NSE:LODHA, BOM:543287) has confirmed media reports of the sale of 30 acres in Palava in Maharashtra, India, to Digital Edge (India), saying it was a routine transaction, according to a Friday filing to the Indian stock exchanges.The clarification was in response to a report in The Economic Times on Thursday, which said Digital Edge (India), backed by the National Investment and Infrastructure Fund, acquired over 30 acres of land at Lodha Developers' Green Integrated Data Centre Park in Palava near Mumbai in Maharashtra, for around 10 billion Indian rupeesThe land has been acquired to develop a hyperscale data center campus, the news report said."We would like to put on record that we are in the business of real estate and hence land purchase/tie up (which is our raw material and inventory for us) or its development is routine in nature," Lodha said.
Lodha Developers (NSE:LODHA, BOM:543287) has an average rating of buy and mean price target of 1,210.68 Indian rupees, according to analysts polled by FactSet.