Acquisitions19 Dec 2025, 05:52 pm
Craftsman Automation Ltd Subsidiary, DR Axion India Private Limited, to Acquire Suprash Developers Private Limited for Rs. 145.84 Crores
AI Summary
Craftsman Automation Ltd announced that its wholly-owned subsidiary, DR Axion India Private Limited, has entered into a Share Purchase Agreement (SPA) to acquire 100% of the paid-up equity shares of Suprash Developers Private Limited and its wholly-owned subsidiary, Srikara Technologies Private Limited. The acquisition is for an aggregate consideration of Rs. 1,45,84,69,800. The land owned by the SPVs will be used for setting up DR Axion’s new plant/unit/factory in the Chennai Metropolitan Area, Tamil Nadu.
Key Highlights
- DR Axion India Private Limited to acquire 100% of Suprash Developers Private Limited and Srikara Technologies Private Limited.
- Acquisition for an aggregate consideration of Rs. 1,45,84,69,800.
- Land owned by the SPVs to be used for setting up a new plant/unit/factory in Chennai Metropolitan Area, Tamil Nadu.
- Suprash Developers Private Limited and Srikara Technologies Private Limited are primarily engaged in the business of developing, leasing/licensing of industrial projects.
- Acquisition to be completed on or before 31.12.2025.