Acquisitions13 Jan 2026, 04:12 pm
Kalyani Steels Acquires Wholly Owned Subsidiary DGM Realties for Rs.1.72 Million
AI Summary
Kalyani Steels Ltd has purchased 10,000 Equity shares of DGM Realties Private Limited (DGM) from KSMS Technologies Solutions Private Limited at a price of Rs.172/- per share, making DGM its wholly owned subsidiary. The Company now holds 13,206,000 Equity Shares of DGM, representing 100% of its paid-up capital. DGM, a real estate company, has been part of the Kalyani Group since its inception and has a land parcel of 25 acres near Bengaluru. The cost of acquisition of the 10,000 Equity Shares was Rs.1.72 Million.
Key Highlights
- Kalyani Steels has purchased 10,000 Equity shares of DGM Realties Private Limited from KSMS Technologies Solutions Private Limited.
- The purchase price per share was Rs.172, and the total cost of acquisition was Rs.1.72 Million.
- DGM Realties Private Limited is now a wholly owned subsidiary of Kalyani Steels Ltd.
- DGM is engaged in purchasing, developing, or reselling land, buildings, houses, structures, and managing and executing constructions and project management/maintenance activities.
- DGM has been part of the Kalyani Group from its inception and has a land parcel of 25 acres near Bengaluru.