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Max Ventures’ arm acquires balance 2.39% stake in Acreage Builders

03 Feb 2023 Evaluate

Max Ventures and Industries’ wholly owned subsidiary -- Max Estates (MEL) has completed the acquisition of balance 2.39% equity share capital of Acreage Builders (ABPL) on February 02, 2023 at an enterprise value of Rs 322.50 crore. Consequent to the completion of acquisition, ABPL has now become a step-down wholly owned subsidiary of the Company through MEL with effect from February 02, 2023.

Max Ventures and Industries, a part of Max Group, operates primarily in the areas of manufacturing and real estate.

Peers
Company Name CMP
Bajaj Finserv 1656.00
TVS Holdings 11083.55
Cholamandalam Fin. 1280.70
Altius Telecom Infra 170.00
Kama Holdings 2135.05
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