Max Estates Acquires 9 Companies, Approves Share Swap

Max Estates Limited's Board of Directors has approved the acquisition of nine land-owning companies, which collectively hold approximately 84.7 acres of land in Delhi. This acquisition will be executed through a preferential issue involving a share swap, with up to 70,33,162 equity shares to be issued at ₹597.50 per share, totaling approximately ₹420.23 crore. The transaction aims to consolidate land assets, with each acquired company becoming a wholly-owned subsidiary post-completion. An Extra-Ordinary General Meeting is scheduled for September 24, 2026, to seek shareholder approval.