Page 2 - Lodhas Developers

Moody's cuts Mumbai Trump Tower builder's rating over debt obligation

Macrotech Developers, earlier known as Lodha Developers, has been cut by one step to Caa1.

15 years on, Birla and Lodha still splitting hairs over Priyamvada will

It all began in 2004, when the former chairman of Birla Corporation, Priyamvada Birla, died

Now Fitch, too, downgrades Lodha to 'B-', warns of more rating cuts

Any rating below BBB- is junk or below investment grade and the city's largest developer has already been having a junk rating by foreign rating agencies

After a lull, Birla Corp's Harsh Vardhan Lodha is back in the limelight

Latest in the series is court-appointed committee's decision to not support resolution seeking reappointment of Lodha as a director on the board of 2 group entities, Vindhya Telelinks and Birla Cable

Signs of stress: As fund flows dry up, Lodhas to sell assets to cut debt

To make matters worse, the IL&FS crisis also coincided with a weak stock market - leading to Lodha Developers dropping its share sale plan.