Lodha Developers Limited has announced the acquisition of an 80% equity stake in Solidrise Realty Private Limited (SRPL) for a cash consideration of ₹294.07 crore. The transaction, executed through a Share Purchase Agreement dated February 14, 2026, will result in SRPL becoming a subsidiary of the company.
Lodha Developers Expands Pune Real Estate Footprint
Solidrise Realty Private Limited, incorporated on March 21, 2025, operates in the real estate sector with a focus on Pune. The acquisition aligns with Lodha Developers’ strategic growth plans to expand its presence in key real estate markets, particularly Pune, which continues to witness strong residential demand and infrastructure growth.
The company clarified that the transaction does not fall under related party transactions, and neither the promoter nor the promoter group has any interest in the entity being acquired.
Transaction Details
The acquisition will be completed through cash consideration amounting to ₹294.07 crore. Upon completion, expected by February 16, 2026, Lodha Developers will hold an 80% equity stake in SRPL, making it a subsidiary.
No governmental or regulatory approvals are required for the transaction.