Macrotech Developers (Lodha) shares came under pressure on Tuesday morning after a large block trade worth approximately ₹1,379.44 crore was executed on the NSE.
As per exchange data, nearly 99,51,926 shares of the company changed hands at a price of ₹1,386.10 per share, which represents a ~4% discount to the previous close of ₹1,442.30 on Monday. The transaction aligns with earlier reports of an existing investor planning to offload around 1% equity in the company via a clean-up trade.
According to CNBC-TV18, the block deal was expected to total about $165 million, with Goldman Sachs acting as the banker to the transaction. The seller’s identity has not been officially disclosed yet, but the trade indicates a complete exit by the institutional investor.
Following the transaction, shares of Lodha (Macrotech Developers) declined nearly 6% intraday, reflecting the large supply of shares hitting the market.
Earlier this week, the company reported its Q1FY26 business update, posting a 10% year-on-year rise in pre-sales to ₹4,450 crore and a 7% growth in collections to ₹2,880 crore. It also added five new projects across Mumbai, Pune, and Bengaluru with a gross development value (GDV) of ₹22,700 crore — already meeting over 90% of its full-year development guidance.
Investors will be watching for disclosures on the buyer and seller identities and any subsequent commentary from the company or the exchanges.
