Macrotech Developers has executed agreements (SPA) for acquisition of 100% equity stake in Goel Ganga Ventures India (GGVIPL), pursuant to which GGVIPL will become a wholly owned subsidiary of the Company. The cost of acquisition is Rs 1 lakh. The said acquisition is expected to be completed on January 15, 2024.
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.