Lodha Developers surges on entering into share purchase agreement to acquire 80% equity stake in SRPL
Lodha Developers is currently trading at Rs. 1090.00, up by 16.25 points or 1.51% from its previous closing of Rs. 1073.75 on the BSE.
The scrip opened at Rs. 1073.15 and has touched a high and low of Rs. 1092.40 and Rs. 1060.00 respectively. So far 12932 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 1534.25 on 09-Jun-2025 and a 52 week low of Rs. 864.00 on 27-Jan-2026.
Last one week high and low of the scrip stood at Rs. 1101.15 and Rs. 1046.55 respectively. The current market cap of the company is Rs. 107978.63 crore.
The promoters holding in the company stood at 71.85%, while Institutions and Non-Institutions held 26.66% and 1.48% respectively.
Lodha Developers has entered into a share purchase agreement to acquire stake in Solidrise Realty (SRPL) on February 14, 2026, pursuant to which SRPL will become a subsidiary of the Company. SRPL is into real estate business in Pune. The Company will acquire 80% equity stake in SRPL.
