MoneyWorks4Me

D B Realty acquires entire stake in Turf Estate Realty

10 May 2022 Evaluate

D B Realty has acquired entire equity shares of Turf Estate Realty (a WOS of Turf Estate Joint Venture LLP in which the Company already holds 50% stake) from Turf Estate Joint Venture LLP/ its nominees. Post-acquisition of the shares by the Company, Turf Estate Realty shall be a direct Wholly Owned Subsidiary of the Company. The consideration shall be in the form transfer of funds through banking channel.

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.

Peers
Company Name CMP
Lodha Developers 1109.05
Prestige EstatesProj 1434.40
Dilip Buildcon 409.20
DLF 653.90
Oberoi Realty 1734.10
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