Lodha Developers Rallies 1% as Fidelity Buys Rs 1,865 Cr Stake

Lodha Developers Limited ended 25 June up 1.02% at Rs 947.45 after Fidelity Investments bought a nearly 2% stake for Rs 1,865 crore.

The sellers were two promoter entities. Hightown Constructions offloaded 1.74 crore shares, and Homecraft Developers and Farms sold 24.57 lakh shares, totalling 1.99 crore shares at Rs 937.85 each.

That price matched the stock’s previous close exactly, which points to a deal arranged beforehand rather than bought on the open market.

FMR LLC, the legal entity behind Fidelity Investments, spread the buy across eight of its schemes.

The heaviest allocation went to FMRC Fidelity Advisor International Capital Appreciation Fund, which picked up 1.32 crore shares for Rs 1,244.02 crore alone.

The remaining seven schemes took smaller tranches, with individual buys running from Rs 9.45 crore to Rs 267.95 crore.

Worth noting: this is Fidelity. One of the biggest asset managers on the planet, putting Rs 1,865 crore into a single Indian real estate stock in one sitting.

Before the deal, the Lodha promoter group held 72.27% of the company. Hightown Constructions accounted for 19.37% of that, and Homecraft held 2.49%. Selling roughly 2% brings promoter holding down by about that much.

There is also a financial story running underneath all this. In Q4 FY26, Lodha’s revenue grew 12% year-on-year to Rs 4,714 crore.

Net profit came in at Rs 1,008 crore, up 9%, and EBITDA rose 16% to Rs 1,413 crore. Margins have been steadily improving as the company’s premium Mumbai projects sell at stronger realisations.

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