Joint Venture17 Jun 2026, 08:10 pm
Anik Industries & Subsidiary Acquire 50% Stake in Best Season Developers LLP for ₹40.47 Cr
AI Summary
Anik Industries Ltd, along with its material subsidiary Revera Milk and Foods Private Limited, has acquired a 50% stake in Best Season Developers LLP, effective June 17, 2026. The total cost of acquisition is ₹40.47 crores, with Anik Industries contributing ₹25.10 crores for a 32% stake and Revera Milk and Foods Private Limited contributing ₹15.37 crores for an 18% stake. Best Season Developers LLP is a newly incorporated entity focused on real estate development, specifically developing land into an integrated township. This strategic move aims to expand Anik Industries' real estate business.
Key Highlights
- Anik Industries and its subsidiary acquired a 50% stake in Best Season Developers LLP.
- Total acquisition cost for the 50% stake is ₹40.47 crores.
- Anik Industries invested ₹25.10 crores for a 32% stake.
- Revera Milk and Foods Private Limited invested ₹15.37 crores for an 18% stake.
- The acquisition expands Anik Industries' presence in the real estate development sector.
Price Impact
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