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Ratnabhumi Developers gets nod to acquire 100% stake in Ratnabhumi Techno Engg

20 Apr 2023 Evaluate

Ratnabhumi Developers (RDL) has received an approval for acquisition of 100% Shareholding in Ratnabhumi Techno Engg (RTEPL). From the said acquisition, RTEPL will become Wholly Owned Subsidiary of RDL.

The proposed acquisition is carried out for the growth and development of company business and to strengthen the operational synergies. The Board of Directors of the company at their meeting held on April 20, 2023 has considered and approved the same.

Ratnabhumi Developers is engaged in acquiring land, carrying out construction work, developing and organizing of immovable properties etc.

Peers
Company Name CMP
Lodha Developers 1104.75
Prestige EstatesProj 1494.10
Dilip Buildcon 398.95
DLF 662.60
Oberoi Realty 1775.00
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