Macrotech Developers (MDL) shares surged by 5% in morning trade following the settlement of a high-profile trademark infringement dispute between Abhishek Lodha and Abhinandan Lodha, two prominent figures in India’s real estate sector. This agreement marks the resolution of a long-standing family feud, providing clarity on the future of the Lodha brand and business interests.
Under the terms of the settlement, Macrotech Developers, led by Abhishek Lodha, retains exclusive rights to the ‘Lodha’ and ‘Lodha Group’ brand names, while Abhinandan Lodha secures rights to the ‘House of Abhinandan Lodha’ (HoABL) brand. Both parties have clarified that there will be no affiliation between Lodha Group and HoABL moving forward and will actively communicate this distinction to the public.
The resolution, which was guided by retired justices R.V. Raveendran and Arif Doctor, marks a significant turning point in the family’s business history, with each brother relinquishing any claims over the other’s ventures. The decision has been well-received, with the Lodha brothers thanking their family elders and well-wishers for their support throughout the mediation process.
Macrotech Developers’ shares opened at ₹1,157.00, reaching a high of ₹1,184.90 and a low of ₹1,145.00 on the trading day. The stock has a 52-week high of ₹1,649.95 and a 52-week low of ₹1,035.15.
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