Macrotech Developers through its wholly owned subsidiary has acquired remaining 50% stake of Siddhivinayak Realties (SRPL) under a Share Purchase Agreement (SPA). SRPL has rights in various lands, including to develop free sale portion of SRA project in Mumbai city. With acquisition of remaining 50% stake in SRPL on a fully diluted basis, SRPL has become a Wholly Owned Subsidiary.
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.
