Acquisitions6 Sept 2025, 06:02 am
Max Estates Acquires Base Buildwell for INR 534 Crore, Expanding Delhi NCR Premium Residential Strategy
AI Summary
Max Estates Ltd. has executed a Securities Purchase Agreement for the acquisition of Base Buildwell Private Limited (BBPL), a real estate development company. The acquisition, valued at approximately INR 534 Crore, includes 10,000 equity shares and 24,17,256 compulsorily convertible debentures. BBPL holds a 7.25-acre land parcel in Sector 59, Golf Course Extension Road, Gurugram, with an estimated project booking value of over INR 3,000 crore. The transaction is expected to enhance Max Estates' premium residential strategy in Delhi NCR and will make BBPL a Wholly-owned Subsidiary upon completion, subject to regulatory approvals and closing conditions.
Key Highlights
- Max Estates to acquire Base Buildwell Private Limited for INR 534 Crore
- BBPL holds a 7.25-acre land parcel in Gurugram with an estimated booking value of over INR 3,000 crore
- Acquisition aligns with Max Estates' premium residential strategy in Delhi NCR
- BBPL to become a Wholly-owned Subsidiary of Max Estates upon completion
- Transaction subject to regulatory approvals and closing conditions