Deals26 Sept 2025, 07:31 pm
Brigade Enterprises Ltd. Sells Land to Subsidiary for ₹110.14 Crores
AI Summary
Brigade Enterprises Ltd. has entered into a sale deed for the sale of an undivided proportionate share of land to its subsidiary, Brigade Hotel Ventures Limited. The land, measuring 1.35 acres, is located in Kokapet village, Gandipet mandal, Ranga Reddy District, Telangana. The transaction value is ₹110.14 Crores. This sale is in line with one of the objects in the Initial Public Offering (IPO) of Brigade Hotel Ventures Limited, a subsidiary of the Company.
Key Highlights
- Brigade Enterprises Ltd. sells land to its subsidiary, Brigade Hotel Ventures Limited
- Land measures 1.35 acres and is located in Telangana
- Transaction value is ₹110.14 Crores
- Sale is in line with one of the objects in the IPO of Brigade Hotel Ventures Limited
- Brigade Hotel Ventures Limited is a subsidiary of Brigade Enterprises Ltd.