Acquisitions7 Jan 2026, 07:45 pm
Crest Ventures Acquires 100% Shares of Crest Prime Limited for INR 1.53 Lakh
AI Summary
Crest Ventures Limited has completed the acquisition of 100% of the issued and paid-up share capital of Crest Prime Limited for a total consideration of INR 1.53 Lakh. This acquisition has made CPL a Wholly Owned Subsidiary of Crest Ventures. The acquisition was undertaken at an arm’s length basis based on the Valuation Report obtained from an Independent Chartered Accountant. The primary objective of this acquisition is to consolidate CVL’s interest in CPL and further the Company’s core business objectives in real estate development and related activities.
Key Highlights
- Crest Ventures has acquired 100% of the issued and paid-up share capital of Crest Prime Limited for INR 1.53 Lakh.
- The acquisition has made CPL a Wholly Owned Subsidiary of Crest Ventures.
- The acquisition was undertaken at an arm’s length basis based on the Valuation Report obtained from an Independent Chartered Accountant.
- The primary objective of this acquisition is to consolidate CVL’s interest in CPL and further the Company’s core business objectives in real estate development and related activities.
- CPL is engaged in the business of real estate development and related activities, and is based in India.