Acquisitions3 Sept 2025, 01:52 pm
Arkade Developers to Acquire Woollen and Textile Industries for 7148 Crore
AI Summary
Arkade Developers Limited has announced the signing of a Share Purchase Agreement (SPA) to acquire 100% shareholding of Woollen and Textile Industries Ltd. The acquisition includes a land parcel of 14,363.60 sq. mtrs. in Bhandup (West) for a total consideration of 7148 crore. This is the second acquisition by Arkade Developers in Bhandup West, strengthening its footprint in MMR’s central corridor. 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 of 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).
- This is the second acquisition by Arkade Developers in Bhandup West.
- Arkade Developers is known for its timely project deliveries and has developed over 5.5 million square feet of property.