Acquisitions16 Oct 2025, 12:45 pm
Sundaram Multi Pap Ltd to Acquire 52.38% Stake in Sundaram Land and Assets Private Limited for INR 23.58 Crores
AI Summary
Sundaram Multi Pap Ltd has decided to acquire 52.38% equity shares of Sundaram Land and Assets Private Limited through a preferential issue of 7,04,00,000 new equity shares. The acquisition is valued at approximately INR 23.58 crores. The target company is primarily engaged in design-driven activities and has a turnover of INR 283.51 lakhs for the year ended FY 2024-25 and INR 329.44 lakhs for the quarter ended 30.06.2025.
Key Highlights
- Sundaram Multi Pap Ltd to acquire 52.38% stake in Sundaram Land and Assets Private Limited
- Acquisition through preferential issue of 7,04,00,000 new equity shares
- Transaction valued at approximately INR 23.58 crores
- Target company engaged in design-driven activities
- Target company's turnover for FY 2024-25: INR 283.51 lakhs; Q1 2025: INR 329.44 lakhs