Acquisitions13 Nov 2024, 01:59 am
ELPRO International Ltd. to Acquire 100% Partnership Interest in EduSpace Services LLP for INR 214.14 Crores
AI Summary
ELPRO International Ltd. has announced its intention to acquire 100% of the partnership interest in EduSpace Services LLP, a real estate and leasing company, for a total consideration of INR 214.14 crores. The acquisition is expected to be completed by March 31, 2025, subject to shareholder approval and fulfillment of other terms. The acquisition is aimed at increasing ELPRO's footprint in the real estate market and consolidating its real estate assets.
Key Highlights
- ELPRO International Ltd. to acquire 100% partnership interest in EduSpace Services LLP
- Total consideration of INR 214.14 crores
- Acquisition aimed at increasing ELPRO's footprint in the real estate market
- Subject to shareholder approval and fulfillment of other terms
- Expected completion by March 31, 2025