Arkade Developers Acquires Woollen and Textile Industries Ltd for ₹145.51 Cr
Arkade Developers Ltd has successfully acquired 100% of the shares in Woollen and Textile Industries Limited (WTIL) for a cash consideration of ₹145.51 Crore. This acquisition, completed on November 03, 2026, through a Share Purchase Agreement, makes WTIL a wholly-owned subsidiary of Arkade Developers. The primary objective of this acquisition is to facilitate the smoother expansion of operations in the real estate sector and contribute to the company's overall real estate business development and growth. WTIL, incorporated on February 10, 1951, operates in the Real Estate industry. For the fiscal year ending March 31, 2026, WTIL reported a net worth of ₹199.91 Crore and a turnover of ₹0.18 Crore. No regulatory approvals were required for this transaction, and it is not considered a related party transaction.
Key Highlights
- Arkade Developers acquired 100% shares of Woollen and Textile Industries Limited.
- The acquisition cost was ₹145.51 Crore in cash.
- WTIL is now a wholly-owned subsidiary of Arkade Developers.
- The acquisition aims to expand Arkade's real estate business operations.
- No regulatory approvals were needed for the transaction.
Price Impact
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