January 10, 2024: Real estate developer Macrotech Developers, which operate as the Lodha Group, has executed sales and purchase agreement (SPA) for acquisition of 100% equity stake in Goel Ganga Ventures India Private Limited (GGVIPL).
Pursuant to the agreement, GGVIPL will become a wholly owned subsidiary of the company. The company mentioned this as part of the regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Sebi).
According to the regulatory filing, no regulatory approvals are required for the acquisition. The acquisition will be completed by January 15. The cost of acquisition or the price at which the shares are acquired is Rs 1, 00,000.
GGVIPL, incorporated on July 16, 2020, is in the business of real estate development and related activities.
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With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
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