Macrotech Developers to acquire digital infrastructure entities for Rs 2.4 billion

Macrotech Developers has signed a security purchase agreement with Ivanhoe Warehousing India for the acquisition of its interest in digital infrastructure platform entities Bellissimo Digital Infrastructure Development Management Private Limited, Palava Induslogic 4 Private Limited and Bellissimo In City FC Mumbai 1 Private Limited, for a total consideration of Rs 2.4 billion. The company’s interest following the acquisition in Bellissimo Digital Infrastructure Development Management Private Limited, Palava Induslogic 4 Private Limited and Bellissimo In City FC Mumbai 1 Private Limited, will increase to 70 per cent, 66.67 per cent and 66.67 per cent respectively at investments of Rs 147.7 million, Rs 1.43 billion and Rs 822.7 million respectively.