DB Realty to increase stake in Neelkamal Realtors Tower

28 Sep 2018 Evaluate

DB Realty has executed a Share Purchase Agreement on September 26, 2018 to acquire entire equity shares held by IL&FS Trust (now known as Vistra ITCL (India)) and IIRF Holdings VII (Sellers) in Neelkamal Realtors Tower (NRTPL), a subsidiary of the company (54.31% of the total Paid up Capital), having ‘One Mahalakshmi’ project at Jacob Circle, Mahalaxmi, Mumbai, on the terms and conditions agreed in the Share Purchase Agreement and other ancillary documents executed with the Seller and/ or other necessary parties.

Post acquisition of the Equity shares by the company from the Sellers, NRTPL will become wholly owned subsidiary of the company.

DB Realty is a real estate development and construction company. The company is engaged in the construction of residential buildings/commercial complexes and activities connected and incidental thereto.


Valor Estate Share Price

196.70 -2.55 (-1.28%)
28-Mar-2024 16:01 View Price Chart
Peers
Company Name CMP
Dilip Buildcon 456.85
Macrotech Developers 1133.75
NBCC (India) 119.05
Prestige EstatesProj 1177.50
DLF 898.30
View more..
© 2024 The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me ® is a registered trademark of The Alchemists Ark Pvt.Ltd.