NEW DELHI: Fidelity Investments has acquired a 2% stake in Lodha Developers for Rs 1,864 crore from two promoter entities through open market transactions, as revealed by block deal data from the NSE.
The US-based investment firm, along with its eight affiliates including FMRC Fidelity Advisor International Capital Appreciation Fund and FRST II Strat Adv Fide Interl Fund, purchased a total of 1,98,81,296 shares, equating to a 1.99% stake in Lodha Developers.
The transactions were executed over eight separate tranches on Thursday at an average price of Rs 937.85 per share, culminating in a combined transaction value of Rs 1,864.56 crore.
Concurrently, two promoter group entities of the Mumbai-based real estate firm, Hightown Constructions Pvt Ltd and Homecraft Developers and Farms Pvt Ltd, sold the same number of shares at the identical price, according to the data.
Post-transaction, the collective stake of promoters and their group in Lodha Developers has decreased to 70.28% from 72.27%.
Lodha Developers’ shares rose by 1.28% to close at Rs 949.90 on Thursday.
Earlier this month, Fidelity sold a 1.3% stake in e-commerce firm Meesho for Rs 988 crore.
In April, Lodha Developers announced a 9% rise in consolidated net profit to Rs 1,008.1 crore for the quarter ending March, driven primarily by increased income. Last year during the same period, their profit was Rs 922.8 crore.
The total income for the fourth quarter of the 2025-26 fiscal year rose to Rs 4,840 crore from Rs 4,420 crore in the same period the previous year.
In January, Fidelity divested a 1.94% stake in Aditya Birla Lifestyle Brands for Rs 261 crore.
