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Lodha family pledges ₹20,000 crore to philanthropy, to transfer 1/5th Macrotech stake
short by Bhawana Chaudhary / on Monday, 28 October, 2024
Abhishek Lodha and his family, promoters of the Lodha Group, have pledged over ₹20,000 crore ($2.5 billion) towards philanthropic causes. He will transfer 1/5th of stake in Macrotech Developers to Lodha Philanthropy Foundation. Abhishek cited Tata family's 100-year-old decision to give away a major part of their shareholding in their business to the Tata Trusts as the inspiration.
read more at Moneycontrol