Anant Raj acquires remaining 25% in Romano Projects for ₹3.58 Cr

Anant Raj Ltd's Finance and Investment Committee approved an additional investment in Romano Projects Private Limited (RPPL), acquiring 12,500 fully paid-up equity shares, representing 25% of its paid-up capital, for ₹3,58,12,500. This acquisition will make RPPL a wholly-owned subsidiary of Anant Raj Ltd. RPPL, a real estate company, holds land in Sector 63 A, Gurugram, part of the "Anant Raj Estate" township. The acquisition aims to achieve complete ownership, operational synergies, streamlined decision-making, and enhanced managerial control. The transaction is a related party transaction, conducted at arm's length based on an independent valuation. RPPL reported nil turnover for the last three financial years.