Acquisitions20 Jan 2026, 03:35 pm
Sunteck Realty Completes Acquisition of Shreejikrupa Hotels and Properties
AI Summary
Sunteck Realty Ltd has announced the completion of the acquisition of 100% equity stake in Shreejikrupa Hotels and Properties Private Limited (SHPPL) through its wholly owned subsidiary, Apricum Buildwell Private Limited (ABPL). The acquisition was completed on 19th January, 2026, following the fulfillment of conditions precedent as per the SPA. Post acquisition, SHPPL has become a wholly owned subsidiary of ABPL and a step-down wholly owned subsidiary of Sunteck Realty. The land parcel owned by SHPPL, situated at off Andheri Kurla Road & Sahar Road, Andheri, near International Airport, Mumbai, has a gross development value of approximately Rs. 2,500 Crores.
Key Highlights
- Sunteck Realty Ltd has completed the acquisition of 100% equity stake in Shreejikrupa Hotels and Properties Private Limited (SHPPL).
- The acquisition was completed through Sunteck's wholly owned subsidiary, Apricum Buildwell Private Limited (ABPL).
- Post acquisition, SHPPL has become a wholly owned subsidiary of ABPL and a step-down wholly owned subsidiary of Sunteck Realty.
- The land parcel owned by SHPPL has a gross development value of approximately Rs. 2,500 Crores.
- The land parcel is situated at off Andheri Kurla Road & Sahar Road, Andheri, near International Airport, Mumbai.