StockWatch
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Other Construction Materials
Board Meeting28 Sept 2026, 11:41 am

ArisInfra Approves Buildmex Acquisition and Lionheart Guarantee

AI Summary

ArisInfra Solutions Limited's board met on September 28, 2026, approving two key proposals. Firstly, the company will acquire 16% equity shares in its material subsidiary, Buildmex-Infra Private Limited (BIPL), for INR 60 crore cash. This acquisition aims to increase ArisInfra's ownership and participation in BIPL's growth. Secondly, ArisInfra will provide a corporate guarantee for Senior, Secured, Unrated, Unlisted, Redeemable Non-Convertible Debentures (NCDs) to be issued by its wholly-owned material subsidiary, Lionheart Trading Private Limited (LTPL), in favor of Texterity Private Limited. The board meeting commenced at 10:48 AM and concluded at 11:05 AM.

Key Highlights

  • ArisInfra to acquire 16% stake in Buildmex-Infra for ₹60 crore.
  • Acquisition aims to boost ownership and growth participation in subsidiary.
  • Company to provide corporate guarantee for subsidiary's NCD issuance.
  • Board meeting held on September 28, 2026, approved both proposals.