Acquisitions13 Aug 2026, 04:51 pm
B-Right Realestate Acquires 100% of Tattva & Mittal Developers for ₹1 Lakh
AI Summary
B-Right Realestate Limited has entered into a Share Purchase Agreement to acquire 100% of the equity share capital of Tattva & Mittal Developers Private Limited for a cash consideration of ₹1,00,000. This acquisition is intended to provide B-Right Realestate with better management and operational control, effectively leading to the takeover of a real estate project located in Malad West, Mumbai. Tattva & Mittal Developers reported a net loss of ₹20,000 and a net worth of (₹2,37,200) as of March 31, 2024, with nil turnover for FY 23-24. The acquisition is expected to be completed by August 13, 2026.
Key Highlights
- B-Right Realestate acquires 100% stake in Tattva & Mittal Developers.
- Acquisition cost is ₹1,00,000 via cash consideration.
- Target entity has nil turnover and negative net worth.
- Acquisition aims for better management and control of a Mumbai project.
Price Impact
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