Shriram Properties acquires JV stakes for ₹37 Cr

Shriram Properties Ltd. has signed definitive documents to acquire equity shares from partners in four existing joint ventures: Shrivision Towers Private Limited, SPL Towers Private Limited, Shriprop Living Space Private Limited, and Shriprop Hitech City Private Limited. The total acquisition cost is ₹3,700 Lakhs (₹37 Crore). The acquisitions are strategic, involve cash consideration, and are expected to be completed by September 30, 2026. Individual acquisition costs are ₹2,200 Lakhs (₹22 Crore) for 49% of Shrivision Towers, ₹0.50 Lakhs (₹0.005 Crore) for 49% of SPL Towers, ₹1,499.40 Lakhs (₹14.994 Crore) for 49% of Shriprop Living Space, and ₹0.10 Lakhs (₹0.001 Crore) for 50% of Shriprop Hitech City. All acquired entities operate in real estate development.