RDB Real Estate Acquires 10% Stake, Makes Subsidiary

RDB Real Estate Constructions Ltd has acquired an additional 10% equity shares in RDB Anekant Orbit Properties Private Limited, an existing associate company. This acquisition increases RDB Real Estate's shareholding to 51%, thereby making RDB Anekant Orbit Properties Private Limited a subsidiary. The transaction, valued at ₹10,000 for 1,000 shares, is considered a related party transaction on an arm's length basis and is expected to be completed within a week. The move aims to align with the company's business activities and expand its market reach in real estate and infrastructure development.