Marathon Nextgen Realty Subsidiary Acquires Controlling Interest in Three Real Estate Firms for Rs. 70 Crores

Marathon Nextgen Realty Ltd's wholly owned subsidiary, Nexzone IT Infrastructure Private Limited, has acquired controlling interest in DVK Developers Private Limited, Shree S S Developers Private Limited, and Shree Swami Samarth Builders. The total investment amounts to Rs. 70.00 Crores. This acquisition is expected to support vertical expansion, business growth, and improved customer base of the listed entity. The GDV (Gross Development Value) of the projects is expected to be more than Rs. 630 Crores over life of the Projects.