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Macrotech Developers Ltd. ( (IN:LODHA) ) has issued an announcement.
The Supreme Court of India has ordered the refund of ₹520.80 crore to Lodha Developers Limited, affirming its position as the legitimate Resolution Applicant for V Hotels Limited. This decision strengthens Lodha’s legal standing and removes any claims by the Enforcement Directorate on VHL’s properties, potentially enhancing the company’s operational focus and market positioning.
More about Macrotech Developers Ltd.
Macrotech Developers Ltd., formerly known as Lodha Developers Limited, operates in the real estate industry, focusing on residential and commercial properties. The company is known for its large-scale developments and has a significant market presence in India.
Average Trading Volume: 64,878
Technical Sentiment Signal: Sell
Current Market Cap: 1161.8B INR
For detailed information about LODHA stock, go to TipRanks’ Stock Analysis page.