D B Realty has entered into Memorandum of Understanding(s) (MoU) with Shiva Group Companies and existing shareholders of Shiva Group Companies to acquire entire equity shares of Shiva Group Companies from its existing shareholders. In accordance with terms and conditions as contained in the aforesaid MOUs, the shareholders of Shiva Group Companies will transfer equity shares to the Company upon full payment of acquisition consideration by the Company and thereafter they will become wholly owned subsidiary companies of the Company.
D B Realty is currently holding approximately 48.33% equity stake in Shiva Group Companies which comprises of these Companies: Shiva Buildcon, Shiva Multitrade and Shiva Realtors Suburban (hereinafter collectively referred as ‘Shiva Group Companies’).
The aforesaid Shiva Group Companies are currently holding 34% equity stake in Neelkamal Realtors Suburban, a subsidiary of the Company which is executing DB Ozone Project at Dahisar.
D B Realty is a real estate development company that focuses on residential, commercial, retail and other projects, such as mass housing and cluster redevelopment, in and around Mumbai.
| Company Name | CMP |
|---|---|
| Lodha Developers | 871.70 |
| Dilip Buildcon | 457.55 |
| DLF | 601.80 |
| Oberoi Realty | 1710.00 |
| Ahluwalia Contract(I | 832.90 |
| View more.. | |
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