Lodha Developers has acquired the remaining 20% stake in Bellissimo Infratech Private Limited (BIPL) for ₹73.52 crore. The cash transaction makes BIPL a wholly owned subsidiary of the listed real estate firm.

The deal aligns with Lodha’s growth strategy for its Pune operations. The company previously held an 80% stake in the entity, which was formerly known as Solidrise Realty Private Limited.

Transaction Details

The acquisition is structured as a cash consideration deal. Lodha disclosed the move under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The transaction is expected to be completed by September 1, 2026.

Financial Profile of Target

BIPL was incorporated on March 21, 2025. As of March 31, 2026, the entity reported a net worth of ₹97.30 crore and a turnover of ₹NIL, as it had not yet commenced business operations. The target operates in the real estate sector.

The acquisition does not constitute a related-party transaction. Promoters or group companies have no interest in the entity being acquired, and the deal was executed at arm's length.

What the Numbers Show

The purchase price of ₹73.52 crore for a 20% stake implies a total equity value of approximately ₹367.6 crore for BIPL. This valuation stands against a reported net worth of ₹97.30 crore as of March 31, 2026, indicating a significant premium paid by Lodha Developers for full control and strategic alignment in the Pune market.

Lodha Developers Limited has appointed Kunal Gandhi as Senior Management Personnel (SMP) effective September 1, 2026. The board approved the role elevation based on the recommendation of the Nomination and Remuneration Committee.

Simultaneously, the company noted the cessation of Tikam Jain from the SMP category on the same date. Jain will transition to an operational role within the organization as part of internal restructuring.

Executive Changes

The changes in senior management were disclosed pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Profile of Appointee

Kunal Gandhi brings over 20 years of experience in corporate strategy, regional growth, and entrepreneurship. He holds a B.Tech degree from IIT Bombay and a Post Graduate Programme (PGP) degree from IIM Ahmedabad.

Gandhi joined Lodha Developers in 2018 and led Corporate Strategy for three years. He subsequently transitioned to the Pune region to oversee Customer Strategy. From 2023, he served as Deputy Regional CEO for Pune, where he focused on strengthening customer experience and brand presence in the regional market.

Prior to joining Lodha Developers, Gandhi was the Founder and CEO of Logic Roots, a venture aimed at addressing motivation gaps in childhood education.