Acquisitions3 Sept 2025, 02:22 pm
Arkade Developers to Acquire Woollen and Textile Industries for 7148 Crore
AI Summary
Arkade Developers Limited, a leading luxury real estate developer in Mumbai, has entered into an MoU to acquire 100% shareholding in Woollen and Textile Industries Ltd, located in Bhandup (West), Mumbai. The proposed acquisition includes a land parcel of 14,363.60 sq. mtrs. and has a total consideration of 7148 crore. This is the second acquisition by Arkade Developers in Bhandup West, reinforcing its vision of creating value-driven developments at strategic locations. The company is known for its timely project deliveries and has developed over 5.5 million square feet of property, with an additional 2+ million square feet currently under construction.
Key Highlights
- Arkade Developers to acquire 100% shareholding in Woollen and Textile Industries Ltd
- Total consideration for the deal is 7148 crore
- Includes a land parcel of 14,363.60 sq. mtrs. in Bhandup (West), Mumbai
- This is Arkade Developers' second acquisition in Bhandup West
- Arkade Developers known for its timely project deliveries and high-quality constructions