Fidelity Investments acquired 2 percent stake in Lodha Developers for Rs. 1,864 crore bought

According to block deal data on the NSE, financial services company Fidelity Investments through an open market transaction raised Rs. 1,864 crore has bought 2 percent stake in Lodha Developers.

US-based Fidelity Investments, through eight of its associates including FMRC Fidelity Advisor International Capital Appreciation Fund and FRST II Strat Adv Fide Interal Fund, bought a total of 1,98,81,296 shares or 1.99 per cent stake in Lodha Developers.

On Thursday Rs. 937.85 at an average price of eight separate tranches, with a combined transaction value of Rs. 1,864.56 crores.

Meanwhile, two promoter group entities of Mumbai-based realty firm Lodha Developers, Hightown Constructions Pvt Ltd and Homecraft Developers & Farms Pvt Ltd collectively sold the same number of shares at the same price, according to the data.

After the stake sale, the combined holding of promoters and promoter group entities in Lodha Developers has come down from 72.27 per cent to 70.28 per cent.

On Thursday, shares of Lodha Developers rose 1.28 percent to Rs. closed at 949.90.

Earlier this month, Fidelity Investments bought a 1.3 per cent stake in e-commerce company Meesho for Rs. 988 crore was sold.

In April this year, Lodha Developers reported a 9 percent rise in its consolidated net profit for the quarter ended March, driven primarily by higher revenue.

The company said its profit in the year-ago period was Rs. 922.8 crores.

In the fourth quarter of FY 2025-26, the total revenue increased to Rs. 4,840 crore as compared to Rs. 4,420 crore, he added.

In January, Fidelity bought 1.94 per cent stake in Aditya Birla Lifestyle Brands for Rs. 261 crore was sold.