Hot Pursuit     25-Aug-22
Macrotech Developers rises as board to mull fund raising
Macrotech Developers advanced 2.13% to Rs 1,108 after the company said its board will consider raising of funds upto Rs 250 crore on 29 August 2022.
The board of directors of the company will consider raising funds through issuing non-convertible debentures in one or more tranches.

Macrotech Developers (Lodha Group) is primarily engaged in the business of real estate development.

The real estate developer's net profit soared 68.3% to Rs 270.80 crore on 66.7% surge in net sales to Rs 2,675.75 crore in Q1 FY23 over Q1 FY22.

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