Macrotech Developers’ stock surged by 3% following its announcement of acquiring a 100% stake in Janus Logistics and Industrial Parks (JLIPPL) for ₹47.94 crore. JLIPPL, focused on the development of warehousing and logistics assets, has had no business operations over the past three years.
This strategic acquisition aligns with Macrotech’s plans to expand its digital infrastructure under the Lodha Industrial and Logistics Park (LILP) brand. The deal was completed with the purchase of JLIPPL’s equity from Phoenix Logistics and Industrial Parks.
Investors are optimistic about the company’s growth prospects in the industrial and logistics sector following this acquisition.
As of 10:02 am, Macrotech Developers stocks were trading 3.55% higher at Rs 1,297.70 on the NSE.
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