Acquisitions29 Aug 2024, 01:13 am
Macrotech Developers Acquires Opexefi Services and One Box Warehouse for Digital Infrastructure Growth
AI Summary
Macrotech Developers Ltd has executed Share Purchase Agreements (SPAs) for the acquisition of 100% stake in Opexefi Services Private Limited and One Box Warehouse Private Limited. This strategic move is part of the company's planned growth in Digital Infrastructure, specifically in the Industrial and Logistics sector. Opexefi, incorporated in 2018, is in the business of developing logistics parks and warehouses. The acquisition price for 100% equity shares and securities of Opexefi is INR 46.67 crore.
Key Highlights
- Acquisition of 100% stake in Opexefi Services Private Limited and One Box Warehouse Private Limited
- Pursuit of calibrated growth in Digital Infrastructure viz. Industrial and Logistics
- Opexefi is in the business of developing logistics parks and warehouses
- Acquisition price: INR 46.67 crore
- No regulatory approvals required for the acquisition