Lodha Developers Acquires Remaining 20% Stake in Bellissimo Infratech for ₹73.52 Crore
Lodha Developers acquired the remaining 20% stake in Bellissimo Infratech Private Limited (BIPL) for ₹73.52 crore, making it a wholly owned subsidiary. The acquisition is part of the company's growth strategy for Pune and was completed by September 1, 2026.
The acquisition of a subsidiary is a strategic move that could impact future growth and profitability, but the financial value of the deal is not exceptionally large in the context of the company's overall operations.
The acquisition of a remaining stake to make a subsidiary wholly owned is generally a positive step for consolidating control and executing growth strategies.
Lodha Developers Limited has announced the acquisition of the remaining 20% stake in Bellissimo Infratech Private Limited (BIPL), formerly known as Solidrise Realty Private Limited. This transaction, which was completed by September 1, 2026, makes BIPL a wholly owned subsidiary of Lodha Developers.
The acquisition is part of Lodha's growth strategy for Pune. BIPL, incorporated on March 21, 2025, operates in the real estate business. As of March 31, 2026, BIPL had a net worth of ₹97.30 crore and a turnover of ₹ NIL, as it had not yet commenced business operations.
The consideration for this acquisition was ₹73.52 crore in cash. This transaction does not fall within related party transactions, and no promoter or promoter group entities have an interest in BIPL. No governmental or regulatory approvals were required for this acquisition.
A plain-language summary of a public exchange filing by Lodha Developers Limited. Read the original for the full detail.