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The Economic Times

Fidelity Investments buys 2 pc stake in Lodha Developers for Rs 1,864 crore

Lodha Developers Fidelity Investments Fidelity

Financial services company Fidelity Investments has purchased a 2 per cent stake in Lodha Developers for Rs 1,864 crore from two promoter entities through open market transactions, according to block deal data on the NSE.

US-based Fidelity Investments, through its eight affiliates, including FMRC Fidelity Advisor International Capital Appreciation Fund and FRST II Strat Adv Fide Interl Fund, bought a total of 1,98,81,296 shares, or 1.99 per cent stake, in Lodha Developers.

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