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Other Electrical Equipment
Acquisitions17 Nov 2025, 10:11 pm

Shraddha Prime Projects to Acquire 98% Interest in Shraddha Apex and Shraddha Housing, and Subscribe to 51% Shares in Shraddha Landmark

AI Summary

Shraddha Prime Projects Ltd. has announced a revised outcome of its Board Meeting held on 17th November 2025. The company has agreed to acquire 98% partnership interest in Shraddha Apex LLP and Shraddha Housing Projects LLP by infusing € 98,000 and ¥ 98,000 respectively. Additionally, the company will subscribe to up to 51% of the expanded fully paid-up equity share capital of Shraddha Landmark Private Limited at a consideration value not exceeding ₹ 125,00,00,000. These transactions are considered related party transactions and are subject to necessary approvals, including from the company's shareholders. The transactions are expected to be completed by March 31, 2026.

Key Highlights

  • Shraddha Prime Projects to acquire 98% interest in Shraddha Apex and Shraddha Housing
  • The company will invest € 98,000 and ¥ 98,000 in Shraddha Apex and Shraddha Housing respectively
  • Shraddha Prime Projects to subscribe to 51% shares in Shraddha Landmark
  • The total consideration value for Shraddha Landmark acquisition is ₹ 125,00,000
  • These transactions are considered related party transactions
SHRADDHA
Other Electrical Equipment
Shraddha Prime Projects Ltd

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