Macrotech Developers Limited has completed the acquisition of a 100% stake in Janus Logistics and Industrial Parks Private Limited (JLIPPL) for a cash consideration of ₹47.94 crore. The acquisition aligns with the company’s strategy to expand its digital infrastructure and logistics business under the Lodha Industrial and Logistics Park (LILP) brand.
Key Details of the Acquisition:
- Target Entity:
- Name: Janus Logistics and Industrial Parks Private Limited (JLIPPL)
- Network (as of March 31, 2024): ₹0.18 crore
- Turnover: NIL (No business operations reported in the last 3 years)
- Nature of Transaction:
- The acquisition was completed on November 29, 2024, through cash consideration.
- No regulatory approvals were required for the transaction.
- Purpose of Acquisition:
- To achieve calibrated growth in the company’s annuity income through investments in industrial and logistics assets.
- Ownership Details:
- Macrotech Developers now holds 100% equity in JLIPPL, making it a wholly-owned subsidiary.
- Industry of Acquisition:
- JLIPPL operates in the construction and development of warehousing and logistics assets.
- Background of JLIPPL:
- Incorporated on December 20, 2022.
- Has not generated turnover or initiated active business operations to date.
