Macrotech Developers Ltd., a prominent player in the real estate sector, has announced a strategic acquisition aimed at expanding its Digital Infrastructure Platform. This move aligns with the company's goal of controlled growth in the industrial and logistics sectors under the Lodha Industrial and Logistics Park (LILP) brand.

The acquisition involves purchasing Bain Capital's stakes in three entities: Bellissimo Digital Infrastructure Development Management Pvt. Ltd., Palava Induslogic 4 Pvt. Ltd., and Bellissimo In City FC Mumbai 1 Pvt. Ltd. This transaction is facilitated through Securities Purchase Agreements (SPAs) and is valued at approximately Rs 307 crore.

The deal includes acquiring a 30% equity stake in Bellissimo Digital Infrastructure Development Management Pvt. Ltd. for Rs 22 crore, a 33.33% stake in Palava Induslogic 4 Pvt. Ltd. for Rs 189.88 crore, and a 33.33% stake in Bellissimo In City FC Mumbai 1 Pvt. Ltd. for Rs 95.12 crore. Each acquisition is structured as a cash transaction, which does not require additional regulatory approvals, with completion timelines expected to range from 30 to 180 days.

This acquisition follows Lodha's recent purchase of Ivanhoe Warehousing India Inc.'s stake in these entities, further emphasizing the company's commitment to enhancing its annuity income streams within the digital infrastructure sector.

Overall, this strategic move positions Macrotech to strengthen its foothold in the industrial and logistics markets, leveraging digital infrastructure to support its growth objectives.