Marcotech Developers raises Rs 4k cr by selling shares to investors

19 Nov 2021 CW Team

Sources told the media that Marcotech Developers has generated Rs 4,000 crore from selling its shares to institutional investors.

On Monday, the company launched and closed the Qualified Institutional Placement (QIP) to raise funds.

It has raised nearly Rs 4,000 crore through the QIP route, though the demand was for shares of Rs 12,500 crore.

After the QIP issues, the promoters shareholding declined to 82.5%. The company has two and a half years to fulfil the minimum requirement of 25% public shareholding.

In April, Marcotech Developers got its listing on the stock exchanges by raising Rs 2,500 through an initial public offer (IPO).

It is one of the leading realty developers in the country under the brand name of Lodha.

The company sold its properties of Rs 3,000 crore in April-September on better demand and planned to double its sales bookings in the second half (H2) of FY22 to reach a Rs 9,000 crore target in FY22. The company's sales booking stood at Rs 5,970 crore during the last fiscal year.

The company focuses on Mumbai Metropolitan Region (MMR) and Pune markets. It has a debt of around Rs 12,500, which will be reduced to Rs 10,000 crore by the end of FY22.

Recently, the company reported a consolidated net profit of Rs 223.36 crore during the September ending quarter.

However, it also reported a net loss of Rs 362.58 crore during the same period last year. Its total income has increased to twice to Rs 2,201.66 crore in the second quarter (Q2) of FY22 from Rs 988.18 crore during the same period last year.

Image Source

Also read: Macrotech Developers Q2 FY22 sales: Bookings jump to Rs 2,003 cr

Infrastructure Urban

10 Mar 2026

ABB to Invest Rs 6.25 Billion to Expand India Manufacturing

ABB recently announced plans to invest approximately Rs 6.25 billion ($75 million) in India during 2026 to expand its manufacturing footprint and research and development capabilities. The investment follows more than $35 million spent in 2025 and reflects the company’s continued focus on strengthening its ‘local-for-local’ strategy in the country.The investment will support ABB’s Electrification, Motion and Automation businesses and expand manufacturing capacity for infrastructure sectors such as renewable energy, metro rail, data centres and industrial applications. Approximately 300..

Six WOLFF Cranes Handle 60,000 m³ Concrete for German Hospital

Six WOLFF tower cranes are playing a key role in constructing a new hospital complex in Memmingen, Germany, supporting large-scale material handling for the project. The facility is being built on a 7.7-hectare site and will feature six floors, around 480 beds and a gross floor area exceeding 75,000 sq m.Building shell works began recently in February 2025. One WOLFF 6531.12 Cross crane supported early site preparation before being dismantled in autumn 2025, while five remaining cranes continue operations. Over an average deployment period of 16 months, the cranes are expected to move approxim..

REC Funds Rs 115.6 Million CSR Support for Bihar Eye Hospital

REC recently committed Rs 115.6 million under its Corporate Social Responsibility (CSR) programme for the procurement of clinical and non-clinical equipment at Sankara Eye Hospital in Saharsa, Bihar. The initiative aims to strengthen healthcare infrastructure and improve access to specialised eye care services in the region.A Memorandum of Agreement (MoA) was recently signed between Pradeep Fellows, Executive Director (CSR), REC Limited, and Wg Cdr V. Shankar (Retd), Trustee and Executive Director of Sankara Eye Hospital, at the REC office in the SCOPE Complex, New Delhi.The support is expecte..