Brigade Enterprises’ subsidiary - Brigade Properties, has entered into share purchase agreement with Hindustan Unilever (HUL) based on which it has acquired HUL’s 100% stake in Brooke Bond Real Estates. Brooke Bond Real Estates will develop an IT SEZ of over 3 million square feet.
Due to this, Brooke Bond Real Estates has become a wholly owned subsidiary of Brigade Properties, a Brigade Group company, and a step down subsidiary of the company with immediate effect.
Brigade Properties is a joint venture between the listed entity Brigade Enterprises and GIC, Singapore.
