Macrotech Developers To Be Renamed Lodha Developers From Friday

Macrotech Developers Ltd. will be renamed Lodha Developers Ltd. from Friday, following approval from the Ministry of Corporate Affairs, the National Stock Exchange said in a circular Monday. The company’s trading symbol will change to LODHA on the exchange.

The move follows a settlement reached in April between brothers Abhishek Lodha and Abhinandan Lodha over the usage of the “Lodha” brand. As per the agreement, Macrotech Developers will retain exclusive rights to the “Lodha” and “Lodha Group” brand names, while Abhinandan Lodha will use the label “House of Abhinandan Lodha”.