Joint Venture5 Jun 2025, 11:21 pm
Max Estates Gurgaon Two Limited Approves Material Related Party Transaction with Antara Senior Living Limited
AI Summary
The Board of Directors of Max Estates Gurgaon Two Limited, a wholly owned subsidiary of Max Estates Limited, has approved a material related party transaction with Antara Senior Living Limited, a wholly owned subsidiary of Max India Limited. The transaction involves the development of a senior living and associated facilities/amenities in Max Estates’ upcoming LiveWe// development in Sector 36A, Gurugram. Antara Senior Living Limited, a pioneer in the field and the only integrated Senior Care ecosystem in India, will oversee the dedicated Senior Living Residences and space in the development. The estimated fee payable for FY26 is up to INR 20 Crores (excluding taxes).
Key Highlights
- Max Estates Gurgaon Two Limited has approved a material related party transaction with Antara Senior Living Limited.
- The transaction involves the development of a senior living and associated facilities/amenities in Max Estates’ upcoming LiveWe// development in Sector 36A, Gurugram.
- Antara Senior Living Limited will oversee the dedicated Senior Living Residences and space in the development.
- The estimated fee payable for FY26 is up to INR 20 Crores (excluding taxes).
- The transaction is between two wholly owned subsidiaries of companies in the same Promoter Group.