StockWatch
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Residential- Commercial Projects
Subsidiary1 Sept 2026, 09:40 pm

Brigade Enterprises Incorporates Two Wholly Owned Subsidiaries

AI Summary

Brigade Enterprises Ltd announced the incorporation of two wholly owned subsidiaries, M/s. Celebrations Property Private Limited and M/s. Tetrarch Estates Private Limited, on September 01, 2026. These entities are established to undertake real estate development projects. Each subsidiary has an authorized capital of ₹10,00,00,000 and a subscribed capital of ₹1,00,00,000, with Brigade Enterprises subscribing to 100% equity in each. As newly incorporated companies, they have no prior turnover and are yet to commence operations. The move aligns with the company's strategy to expand its real estate development business.

Key Highlights

  • Brigade Enterprises has incorporated two new wholly owned subsidiaries.
  • The subsidiaries, Celebrations Property and Tetrarch Estates, will focus on real estate development.
  • Each subsidiary received a cash investment of ₹1,00,00,000.
  • The company aims to expand its real estate development business through these entities.