India's Macrotech jumps after CEO, kin settle brand dispute

Lodha Developers

15/04/2025 05:21

** Shares of India's Macrotech Developers MACE.NS, formerly Lodha Developers, rise 3.6% to 1,163 rupees
** CEO and MD Abhishek Lodha and his brother Abhinandan Lodha settle trademark dispute of "Lodha" branding, multiple local media outlets report over the weekend
** Both sides agree that Abhishek's Macrotech to own "Lodha" brand, while brother Abhinandan to own "House of Abhinandan Lodha", reports say
** On the day, Nifty Realty index .NIFTYREAL rises 3%, among top sectoral winners by pct amid broad based market gains .BO
** YTD, MACE has fallen 17%, Nifty Realty has lost over 22%

(Reporting by Hritam Mukherjee in Bengaluru)

((Hritam.Mukherjee@thomsonreuters.com))