Macrotech acquires Opexefi Services, One Box Warehouse for nearly Rs 100 cr

Realty firm Macrotech Developers Ltd has acquired a 100 per cent stake in Opexefi Services and One Box Warehouse for nearly Rs 100 crore as part of its strategy to grow the development business of industrial & warehousing parks.

Macrotech Developers Ltd, which sells properties under the Lodha brand, has executed Share Purchase Agreements (SPAs) for the acquisition of a 100 per cent stake in Opexefi Services Pvt Ltd (Opexefi) and One Box Warehouse Pvt Ltd (One Box), according to a regulatory filing on Wednesday.

Opexefi and One Box will become wholly owned subsidiaries of the company, it added.

"This is in pursuance of our planned strategy for calibrated growth in Digital Infrastructure viz. Industrial and Logistics," the company said.

Macrotech Developers acquired Opexefi for Rs 46.67 crore. Opexefi, incorporated on December 6, 2018, is in the business of the development of logistics parks and warehouses. The total turnover for the last 3 years is zero as there are no business ...