Lodha Developers Limited announced the execution of a Share Purchase Agreement to acquire an 80% equity stake in Solidrise Realty Private Limited (SRPL) on February 14, 2026. SRPL, which is engaged in the real estate business in Pune, will become a subsidiary of Lodha. The total cash consideration for the acquisition is ₹294.07 crore. The deal is expected to finalize shortly, reinforcing the company’s growth strategy within the Pune real estate market.
Strategic Acquisition in Pune Real Estate
Lodha Developers Limited (formerly Macrotech Developers Limited) has confirmed the strategic acquisition of a significant stake in Solidrise Realty Private Limited (SRPL). The definitive agreement for the Share Purchase was signed on February 14, 2026. Upon completion, SRPL will transition to become a wholly-owned subsidiary, integrating its operations into Lodha’s structure. SRPL is currently focused on the real estate business specifically located in Pune.
Transaction Details and Consideration
The acquisition is structured as a cash consideration, involving the purchase of a controlling interest. The total cost of acquisition amounts to ₹294.07 crore. Lodha Developers Limited intends to acquire 80% equity stake in SRPL. The company stated that this transaction is a direct execution of its ongoing growth strategy for Pune.
Target Entity Background
Solidrise Realty Private Limited was incorporated relatively recently on March 21, 2025, and is entirely dedicated to the real estate sector. The announcement confirmed that the acquisition does not constitute a related party transaction. The completion period for the transaction is set to be finalized by February 16, 2026.
Source: BSE
