Kesar India acquires Kesar Lands for ₹155.86 Cr

Kesar India Ltd has acquired 100% equity stake in Kesar Lands Private Limited (KLPL) for a total consideration of ₹155.86 crore. The acquisition, approved by the Board on July 29, 2026, will be funded through a share swap, involving the issuance of up to 1,731,752 preferential equity shares of Kesar India at ₹900 each. Following the acquisition, KLPL, a real estate development company, has become a Wholly Owned Subsidiary of Kesar India. Although KLPL reported NIL turnover for the period ended March 31, 2026, it is a related party where Kesar India's promoter group held 100% shares. The company states the transaction was conducted on an arm's length basis, subject to shareholder and regulatory approvals.