Lodha Group takes possession of JLIPPL for ₹47.84 Cr

Macrotech Developers (popularly known as Lodha) has completed a share purchase agreement (SPA) to take possession of 100 per cent stake in Janus Logistics and Industrial Parks (JLIPPL). The acquisition of JLIPPL costed ₹47.84 Cr, which makes it a wholly owned subsidiary of Lodha. “The acquisition is in pursuance of our planned strategy for calibrated growth in our annuity income through Digital Infrastructure viz. Industrial and Logistics under the LILP (Lodha Industrial and Logistics Park) brand,” an official statement from Lodha Group stated.