Lodha Developers Share price

The Company was incorporated as ‘Lodha Developers Private Limited’ on September 25 1995 in the state of Maharashtra at Mumbai as a private limited company under the Companies Act 1956 as amended. Thereafter the Company was converted into a public limited company the word ‘private’ was struck off from the name of the Company and consequently a fresh certificate of incorporation consequent upon change of name dated August 10 2009 was issued by the RoC recording the change in the name of the Company to ‘Lodha Developers Limited’. Thereafter the Company was converted into a private limited company the word ‘private’ was incorporated in the name of the Company and consequently a fresh certificate of incorporation consequent upon change of name dated January 11 2013 was issued by the RoC recording the change of the Company’s name to ‘Lodha Developers Private Limited’. Subsequently the Company was converted into a public limited company the word ‘private’ was struck off from the name of the Company and consequently a fresh certificate of incorporation dated March 14 2018 was issued by the RoC consequent upon conversion recording the change in the name of the Company to ‘Lodha Developers Limited’. Subsequently the name of the Company was changed to ‘Macrotech Developers Limited’ pursuant to a resolution passed by the Shareholders in an extraordinary general meeting held on May 14 2019 to emphasis the use of technology for real estate solutions and increased focus on technology in business processes and customer interface and a fresh certificate of incorporation dated May 24 2019 was issued by the RoC.Major events and milestones in relation to the Company :2005- Launched Lodha Paradise in Thane.2006- Start of acquisition of land for Palava city.- Macrotec Constructions Private Limited (the erstwhile Subsidiary) won the bid for Apollo Textile Mills in an auction from National Textile Corporation for Bellissimo Primero & Excelus projects.2008- Investment of Rs. 16400 million from Deutsche Bank in Cowtown Infotech Services Private Limited.- Investment from ICICI Ventures in Lodha Elevation Buildcon Private Limited in respect of ‘iThink Thane’.2010- Launch of Phase I of Palava City.2011- Investment from HDFC Venture Fund and Tramos Limited in Shreeniwas Cotton Mills Limited (Rs. 5000 million).- Acquisition of Wadala land parcel through auction process conducted by Mumbai Metropolitan Region Development Authority.- Launch of World One project in Lower Parel Mumbai.2012- Exit of Deutsche Bank from Cowtown Infotech Services Private Limited.- Launch of New Cuffe Parade project in Wadala Mumbai.2013- Launch of South Mumbai’s largest landscape ‘The Park’ in Worli.- Acquisition of Washington House for Lodha Altamount project from the US Government.2014- Expansion into UK with acquisition of two development sites in Central London including Canadian High Commission.2015- Successful closure of international bond offering of 12% USD 200 million due in 2020 by our Subsidiary Lodha Developers International Limited.- Launched Lodha Luxury collection for super high-end residential.- Acquisition of 87 acre land from Clariant Chemicals in Thane.2016- Launch of Amara in Thane.2017- Exit of HDFC Venture Fund and Tramos Limited from Shreeniwas Cotton Mills Limited.- Exit of ICICI Ventures (iThink Thane in Lodha Elevation Buildcon Private Limited).- Launch of Lincoln Square project in London.2018- Follow-on fund raising of USD 125 million on 12% USD Bonds due in 2020.- Development finance tied up for both the London properties.- Acquisition of five acres of land parcel in Jogeshwari.- Launch of Seamont project in Walkeshwar Mumbai.- Launch of Upper Thane project in Thane.2019- Joint Venture with ESR Mumbai 3 Pte. Limited for developing an industrial park at Palava.- Sale of NCP commercial tower 1 for a total consideration of INR 10550 million through sale of shares of subsidiary company to Varde Group Singapore.2020- Repaid the bond of USD 325 million and raised the fresh bond of USD 225 million due 2023 by the subsidiary Lodha Developers International Limited.- Development finance fully repaid and consummated inventory finance for both the London properties.- Launch of ‘Lodha Crown’ in Thane.2021- Launch of ‘Lodha Villa Royale’ in ThaneAwards and Accreditations :2014- ‘The Global Leadership in Real Estate Award’ in the NDTV Property Awards- ‘The Most Trusted Real Estate Brand in the Country’ by the Brand Trust Report- Ranked as one of India’s Best Companies to Work for 2014’ by Great Places to Work- ‘India’s Most Admired Builders’ by the Construction World Architect & Builder (CWAB)2015- ‘Special Recognition Award’ in the ET Best Realty Brands (BRB) Awards- Ranked as one of India’s Best Companies to Work for 2015 by Great Places to Work2016- ‘Best Private Township’ in the BW Business World Smart Cities Awards- Certificate of recognition for ‘Iconic Upcoming Project- World One Worli’ as the Times Realty Icon 2016 by Optimal Media Solutions2017- Best ‘Social Media Integrated Campaign’ for the World Towers at the National Awards for Marketing Excellence by Times Network- ‘Most Respected Real Estate Brand – India’ by 2017 Grohe Hurun- Scroll of Honthe award for ‘Marketing Firm of the Year – India’ by CREDAI- “Highest Livability Quotient” for Palava by JLL’s livability quotient2018- Lodha Altamount recognised as one of the ‘Best Residential Project under Ultra-Luxury Segment’ in the West Zone of India by CNBC Awaaz Real Estate Awards 2017-182019- Best Activation Campaign Store Launch for Lodha Xperia Mall by the Activation Venue Forum- ‘Golden Brick Outstanding Project of the Year – Mix Land Development’ for the Palava City at the Golden Brick Awards 20192020- Certificate of recognitions for ‘The Project of the Year’ and ‘Top Super Luxury Segment Homes (above 3 cr)’ for the World Towers Mumbai project as the Times Real Estate Icons West India 2020 by Optimal Media Solutions- Certificate of recognition for ‘Top Developer of the Year’ as the Times Real Estate Icons West India 2020 by Optimal Media Solutions