The Economic Times

Lodha Developers buys 80% stake in Pune-based SRPL for Rs 294 crore to expand business

Lodha Developers has acquired an 80 percent stake in Pune-based Solidrise Realty for Rs 294 crore. This move is part of Lodha's expansion plans. Solidrise Realty will now become a subsidiary of Lodha Developers. The company also reported a profit increase in the third quarter. Lodha Developers acquired five land parcels recently for future projects.