Macrotech Developers acquires Bain Capital’s stake in three joint entities for ₹307 crore

This acquisition involves purchasing Bain Capital’s interests in three Digital Infrastructure Platform entities: Bellissimo Digital Infrastructure Development Management Pvt. Ltd., Palava Induslogic 4 Pvt. Ltd., and Bellissimo In City FC Mumbai 1 Pvt. Ltd., facilitated through Securities Purchase Agreements (SPAs), it said.

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The total consideration for this acquisition is approximately ₹307 crore. The agreement includes acquiring a 30% equity stake in Bellissimo Digital Infrastructure Development Management Pvt. Ltd. for ₹22 crore to be completed within 30 days, a 33.33% equity stake in Palava Induslogic 4 Pvt. Ltd. for ₹189.88 crore, and a 33.33% stake in Bellissimo In City FC Mumbai 1 Pvt. Ltd. for ₹95.12 crore.

Anticipated timelines

Each acquisition is structured as a cash transaction that does not require additional regulatory approvals, with anticipated completion timelines ranging from 30 to 180 days, the company said in a regulatory filing.

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This acquisition follows Lodha’s recent acquisition of Ivanhoe Warehousing India Inc.’s stake in these entities, reinforcing the company’s dedication to enhancing annuity income streams within the digital infrastructure sector.

Macrotech Developers has a significant presence in the residential segment. It is also developing offices, malls and logistics parks to grow its rental income.

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