Crest Ventures (CVL) has acquired 76,686 equity shares held by Fuhse River in Classic Mall Development Company (CMDCPL), its associate company, at a consideration of Rs 13.68 crore.
Subsequent to the above acquisition, the equity shareholding of CVL (including the investment held by the wholly owned subsidiary) in CMDCPL has increased from 49.00% to 50.00%.
Crest Ventures was incorporated to carry on the business of leasing, hire-purchase and investment in securities. It focuses on acquiring and investing in financial assets and real estate.
