Macrotech Developers, a prominent real estate firm in India, has acquired Bain Capital's stake in three industrial and logistics park entities for Rs 3.07 billion. This move is part of Macrotech's strategy to boost its rental income, aligning with its growth objectives in the digital infrastructure sector.

The acquisition involves Securities Purchase Agreements (SPAs) with Bain Capital's India Opportunities Fund SSA Scheme 1 and DSS Opportunities Investment 1. The entities involved are Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd, and Bellissimo In City FC Mumbai 1 Pvt Ltd. Bain Capital previously held a 30% stake in Bellissimo Digital Infrastructure Development Management and a 33.33% stake in the other two entities.

Macrotech aims to enhance its annuity income through this acquisition, focusing on industrial and logistics under its Lodha Industrial and Logistics Park (LILP) brand. The company has been actively expanding its portfolio; in September, it also acquired interests from Ivanhoe Warehousing India Inc in similar digital infrastructure platforms.

With a strong presence in the housing market, Macrotech is now diversifying into developing offices, malls, and logistics parks to further increase its rental income. This strategic shift reflects the company's commitment to sustainable growth in the evolving real estate landscape.