Macrotech acquires Bain Capital’s stake in three digital infrastructure entities for ₹307 crore.

Previously, Macrotech also acquired real estate firm Ivanhoe Cambridge’s stake in the three entities, aligning with its strategy to boost annuity income.

Macrotech Developers Ltd, a real estate developer, announced it has acquired Bain Capital’s entire stake in three of its digital infrastructure subsidiaries for a total of ₹307 crore. This acquisition aligns with the company’s long-term goal to increase annual annuity income to ₹1,500 crore under its Lodha Industrial and Logistics Park brand.

As per an exchange filing, the three entities involved are Bellissimo Digital Infrastructure Development Management Pvt Ltd, Palava Induslogic 4 Pvt Ltd, and Bellissimo In City FC Mumbai 1 Pvt Ltd. Bain Capital previously held a 30% stake in Bellissimo Digital Infrastructure and 33.33% in each of the other two entities.

In October, Macrotech, known under the Lodha brand, acquired the stakes held by Ivanhoe Cambridge’s Indian subsidiary in these three entities.

In a recent post-earnings call, Abhishek Lodha, Managing Director and CEO of Macrotech Developers, shared that the company aims to expand its revenue streams beyond its core residential business, focusing initially on its integrated development at Palava, near Mumbai. In October, Macrotech closed a deal with Amazon Web Services (AWS) to sell approximately 40 acres at around ₹12 crore per acre, where AWS plans to establish a data center.

Additionally, the company is in discussions with other data hyperscalers to sell more land at Palava for around ₹20 crore per acre, with data centers expected to become a significant source of rental income over the coming years.