Lodha Developers Acquires 80% Stake in Solidrise Realty for INR 294.07 Crore

Lodha Developers Ltd. has entered into a Share Purchase Agreement to acquire a 80% stake in Solidrise Realty Private Limited (SRPL) on February 14, 2026. The acquisition of SRPL, a real estate company based in Pune, will make it a subsidiary of Lodha Developers. The cost of acquisition is INR 294.07 crore. The transaction is expected to be completed by February 16, 2026. SRPL was incorporated on March 21, 2025, and has a history of last 3 years turnover in the real estate business. The acquisition is in pursuance to Lodha's growth strategy for Pune and is not a related party transaction.