Tag: Lodha group

Lodha ousted from directorship of 5 MP Birla Group; Corporate Affairs Ministry okays admin panel move

NEW DELHI:Harsh Vardhan Lodha has been ousted from the Boards of five investment companies of MP Birla Group after an order by the Calcutta High Court restrained him from holding offices. The Union Corporate Affairs Ministry had on Wednesday approved and accepted the cessation of directorship of Lodha as recorded by the Board of Directors […]

Lodha Group’s UK subsidiary firm raises $200 million to pare debt

NEW DELHI: Realty firm Lodha Group on Friday said its UK subsidiary has raised USD 200 million (around Rs 1,473 crore) through issuance of bonds in the Singapore market and the amount will be used to repay debt. Lodha Developers International Ltd, a wholly-owned subsidiary of Mumbai-based Macrotech Developers (earlier known as Lodha Developers), closed […]

Economic slowdown fallout: Realty major Lodha group lays off 400 employees

NEW DELHI: Amidst rising debt which has crossed Rs 25,600 crore, and falling sales, Macrotech Developers, formerly Lodha Group, has given pink slips to around 400 employees. However, a spokesperson for the largest realty player in India attributed the lay-offs to performance reviews. The retrenchments at the company promoted by Mumbai BJP chief Mangal Prabhat […]

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