Acquisitions19 Aug 2026, 06:20 pm
Shraddha Prime Projects Acquires Atharva Ventures, Shraddha Life Spaces
AI Summary
Shraddha Prime Projects Ltd announced today that its Finance Committee has approved the acquisition of 91% of Atharva Ventures Private Limited for up to ₹91,000, making it a subsidiary. Additionally, the company will acquire 100% of Shraddha Life Spaces Private Limited for up to ₹10.37 crore, making it a wholly-owned subsidiary. These acquisitions aim to expand the company's real estate market footprint and consolidate its assets. The meeting took place on August 19, 2026, from 5:00 PM to 5:30 PM.
Key Highlights
- Acquired 91% of Atharva Ventures for up to ₹91,000, creating a subsidiary.
- Acquired 100% of Shraddha Life Spaces for up to ₹10.37 crore, creating a WOS.
- Acquisitions aim to expand real estate market presence and consolidate assets.
- Transactions are considered arm's length, though promoter has interest in SLSPL.
Price Impact
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