SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Macrotech Developers to sell entire stake in PI3PL to NewCold

26 Oct 2023 Evaluate

Macrotech Developers has executed a Share Purchase Agreement (SPA) to sell its entire stake in Palava Induslogic 3 (PI3PL), a Wholly Owned Subsidiary (WoS) of the Company on, October 25, 2023 to NewCold India Holding B.V. (NewCold), Netherlands. The sale is subject to certain agreed conditions precedent. Upon consummation of the sale transaction as per the terms of the SPA, PI3PL shall cease to be a WoS of the Company. Consideration received from such sale/disposal is Rs 153.65 crore. The said transaction is expected to be completed on January 8, 2024 subject to the fulfillment of certain conditions precedent.

Macrotech Developers is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.


Lodha Developers Share Price

871.70 -2.00 (-0.23%)
17-Apr-2026 16:59 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.70
Dilip Buildcon 457.55
DLF 601.80
Oberoi Realty 1710.00
Ahluwalia Contract(I 832.90
View more..

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×