Acquisitions18 Jul 2025, 05:17 pm
Balgopal Commercial Ltd Acquires M/s. Lotus Realtors for Rs. 8 Crores
AI Summary
Balgopal Commercial Ltd has announced the acquisition of M/s. Lotus Realtors, a partnership firm registered under the Indian Partnership Act, 1932. The acquisition is in line with the company's strategy to expand its real estate portfolio and enhance value for stakeholders. The partnership firm has development rights in respect of two projects: Oshiwara Gokul Co-operative Housing Society Limited and Oshiwara Dhanlaxmi Co-operative Housing Society Limited. The total monetary consideration is Rs. 8 Crores and 3,800 sq. ft. as area towards consideration.
Key Highlights
- Balgopal Commercial Ltd acquires M/s. Lotus Realtors
- Transaction amount is Rs. 8 Crores and 3,800 sq. ft. as area towards consideration
- Lotus Realtors has development rights in respect of two projects
- The acquisition is in line with the company's strategy to expand its real estate portfolio
- The transaction is at arm’s length basis and in the ordinary course of business