Macrotech Developers has executed Share Purchase Agreements (SPAs) for acquisition of 100% stake in Opexefi Services (Opexefi) and One Box Warehouse (One Box), pursuant to which Opexefi and One Box will become wholly owned subsidiaries of the company. This is in pursuance of its planned strategy for calibrated growth in Digital Infrastructure viz. Industrial and Logistics.
The acquisition is to be completed within 45 days. Opexefi and One Box are in the business of development of logistics parks and warehouses.
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.
