Macrotech Developers said that, for a total value of Rs 47.94 crore, it has signed a share purchase agreement to acquire a 100% shareholding in Janus Logistics and Industrial Parks (JLIPPL). Building and developing storage and logistics facilities is the business of Janus Logistics and Industrial Parks (JLIPPL). Since JLIPPL hasn’t operated a business for the past three years, the total turnover is zero.
Under the LILP (Lodha Industrial and Logistics Park) brand, the acquisition is in line with the company’s intended strategy for calibrated growth in digital infrastructure, specifically in the areas of industrial and logistics. Phoenix Logistics and Industrial Parks sold a 100% stock investment in JLIPPL to the corporation.
One of India’s biggest real estate developers, Macrotech Developers (Lodha Group), has been producing large-scale projects since the 1980s. Development of residential real estate, with an emphasis on cheap and mid-income housing, is the main activity of the Lodha Group.
