Acquisitions27 Apr 2026, 06:41 pm
Anant Raj acquires remaining 25% in Romano Projects for ₹3.58 Cr
AI Summary
Anant Raj Ltd's Finance and Investment Committee approved the acquisition of 12,500 fully paid-up equity shares, representing the remaining 25% stake in Romano Projects Private Limited (RPPL), for ₹3,58,12,500. This transaction will make RPPL, a real estate company, a wholly-owned subsidiary of Anant Raj. The acquisition, a related party transaction conducted at arm's length, aims to achieve complete ownership, operational synergies, streamlined decision-making, and enhanced managerial control, strengthening the company's overall business position. RPPL holds land in Sector 63 A, Gurugram, part of the "Anant Raj Estate" township.
Key Highlights
- Anant Raj acquires remaining 25% stake in Romano Projects Private Limited.
- The acquisition cost is ₹3,58,12,500 for 12,500 equity shares.
- Romano Projects will become a wholly-owned subsidiary of Anant Raj.
- The acquisition aims for complete ownership, operational synergies, and enhanced control.
- Romano Projects is a real estate company holding land in Gurugram.