StockWatch
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Residential- Commercial Projects
Investment13 Oct 2026, 06:30 pm

Hubtown Ltd Subsidiary Investment: ₹3.25 Cr Rights Issue

AI Summary

Hubtown Ltd has invested ₹3,25,66,290/- in its subsidiary, Rare Townships Private Limited (RTPL), by subscribing to 10,85,543 Class A equity shares at ₹30 per share. This investment increases Hubtown's holding in RTPL from 74.65% to 75.24%. RTPL is engaged in real estate development, with a paid-up share capital of ₹48.54 Crore and a turnover of ₹9802.79 Lakhs for the year ended March 31, 2026. The transaction is considered a related party transaction but has been conducted at arm's length.

Key Highlights

  • Hubtown invested ₹3.25 Crore in subsidiary RTPL via rights issue.
  • Holding in RTPL increased from 74.65% to 75.24%.
  • RTPL is a real estate developer with FY26 turnover of ₹9802.79 Lakhs.
  • Transaction is a related party deal at arm's length.