Acquisitions24 Apr 2025, 11:57 pm
Crest Ventures Ltd Acquires Sutlej Housing Private Limited for INR 60,00,000
AI Summary
Crest Ventures Limited (CVL) has completed the acquisition of 100% of the issued and paid-up share capital of Sutlej Housing Private Limited (Sutlej) for a total consideration of INR 60,00,000. The acquisition has resulted in Sutlej becoming a Wholly Owned Subsidiary of CVL. The acquisition is a related party transaction under Regulation 23 of SEBI Listing Regulations, and has been approved by the Independent Directors of Audit Committee and the shareholders of CVL. The acquisition is undertaken on an ‘arm’s length’ basis.
Key Highlights
- CVL has acquired 100% of the issued and paid-up share capital of Sutlej for INR 60,00,000
- Sutlej has become a Wholly Owned Subsidiary of CVL
- The acquisition is a related party transaction under Regulation 23 of SEBI Listing Regulations
- The acquisition has been approved by the Independent Directors of Audit Committee and the shareholders of CVL
- The acquisition is undertaken on an ‘arm’s length’ basis