Fidelity Acquires 2% Stake in Lodha Developers for ₹1,864 Crore
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…