 "BSE, STOCK MARKETS")
Shares of Lodha Developers and Oberoi Realty fell on Wednesday as Invesco offloaded almost its entire stake in the Mumbai-based realty majors.
Shares of Lodha ended 7.7 per cent lower at ₹1,332, while Oberoi Realty fell 2.3 per cent to ₹1,784.
Invesco Developing Markets Fund sold 2.95 per cent stake for ₹1,883 crore. It sold 10.73 million shares at ₹1,754 apiece, of which SBI Mutual Fund picked up 4.1 million shares for ₹718 crore.
ALSO READ: Lodha Developers eyes ₹1,500 crore rental income in FY31, says MD
Meanwhile, Invesco Developing Markets Fund sold 9.53 million shares (0.95 per cent stake) at ₹1,385 apiece to raise ₹1,319 crore. Names of other buyers were not disclosed by the exchanges. Both the block deals were handled by Goldman Sachs.
Lodha Developers is valued at ₹1.33 trillion, while Oberoi has a market capitalisation of almost ₹65,000 crore.
 "Lodha group, Macrotech developers")
 "The year was a mixed bag for the real estate industry as housing supply slowed down but record investments came in. Industry experts believe that demand will stabilise as sales are likely to be lower compared to 2023.")
 "real estate, realty firms")
 "Macrotech, Macrotech Developers, Lodha")
 "Macrotech, Macrotech Developers, Lodha")
 "markets, Sensex, nifty")
 "MCX")
 "artificial intelligence")
 "colgate palmolive")
