Kalpataru Ltd Acquires 16.67% Stake in Agile Real Estate Subsidiaries

Kalpataru Ltd (KPL) has approved the acquisition of an additional 16.67% equity stake in Agile Real Estate Private Limited (AREPL) and Agile Real Estate Dev Private Limited (AREDPL) for a total consideration of ₹5,254.56 Lakhs (₹52.55 Crore). The acquisition, approved by the Board of Directors on October 31, 2026, will result in AREPL and AREDPL becoming wholly-owned step-down subsidiaries of Kalpataru Ltd. These subsidiaries are developing the Kalpataru Parkcity Project in Thane. This strategic investment aims to enhance business opportunities for the project and entitle Kalpataru Ltd to 100% of the project's surplus and cash flows. The acquisition is expected to be completed within 60 days.