Max Estates Acquires 84.7-Acre Land Platform in Delhi

Max Estates Limited announced its Board of Directors has approved the acquisition of the entire ownership interest in nine land-owning companies, collectively holding an approximately 84.7-acre land platform in Sector 3, Najafgarh, Delhi. This proposed acquisition will make these companies wholly-owned subsidiaries of Max Estates. To fund this acquisition, the company will undertake a preferential issue by way of a share swap, allotting up to 70,33,162 equity shares at an issue price of ₹597.50 per share, aggregating up to ₹420.23 crore. The transaction involves execution of a Share Purchase and Share Subscription Agreement, and an EGM is scheduled for September 24, 2026, to seek shareholder approval.