Abhishek Lodha donates 18% of his stake in Macrotech Developers Ltd., marking a significant step toward supporting social initiatives. This substantial donation, valued at over ₹21,000 crore, was made to the Lodha Philanthropy Foundation (LPF). Inspired by the Tata family’s strong philanthropic values, this contribution emphasizes the Lodha family’s dedication to fostering national development.
Abhishek Lodha donates 18% stake in Macrotech to the Lodha Philanthropy Foundation
Macrotech Developers is one of India’s top real estate companies, and it is recognized for its Lodha-branded properties. With a market capitalization exceeding ₹1.17 lakh crore, the company plays a crucial role in the sector. The Lodha family, owning 72.11% of Macrotech, transferred 18 crore shares to LPF. These shares will continue to generate dividends and fund LPF’s social programs. This “off-market inter-se” transaction ensures the family’s ownership in the company remains stable.
How Abhishek Lodha’s 18% donation to LPF will drive social change
Founded in 2013, the Lodha Philanthropy Foundation is dedicated to advancing education, women’s empowerment, and sustainable urban growth. Its flagship program, ‘Lodha Unnati,’ promotes women’s workforce participation. The foundation also collaborates with educational and research institutions to drive learning and innovation.
Future plans following Abhishek Lodha’s 18% stake donation to charity
In January, LPF will establish an advisory board to guide its future activities. The foundation is also partnering with the Rocky Mountain Institute in the USA to achieve net-zero goals in real estate. Additionally, the ‘Lodha Genius Programme’ continues to provide scholarships, mentorship, and infrastructure support for talented students across India.
Abhishek Lodha donates 18% stake, inspired by Tata Trusts’ philanthropy
Abhishek Lodha acknowledged the profound influence of the Tata family’s philanthropic spirit, particularly through Tata Trusts. By donating this 18% stake, the Lodha family aspires to create a legacy of impactful social work similar to that of the Tatas, contributing to meaningful progress in India.
The decision by Abhishek Lodha to donate 18% of his stake is a landmark in real estate philanthropy. Through the Lodha Philanthropy Foundation, this generous contribution will drive positive change in education, empowerment, and sustainable development. It affirms the Lodha family’s ongoing commitment to uplifting communities and supporting India’s growth.
