Real estate developer Lodha Group, listed as Macrotech Developers, has finalised agreements for the acquisition of a 100 percent stake in Goel Ganga Ventures India Private Limited (GGVIPL). Following this transaction, GGVIPL is set to become a wholly-owned subsidiary of the company.
The acquisition is not classified as a related party transaction. There is no involvement or interest from the promoter, promoter group or associated companies in GGVIPL, the company said in an exchange filing on January 4.
(This is a developing story. More details are awaited)
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