MoneyWorks4Me

D B Realty’s arm inks pact to acquire stake in Siddhivinayak Realties

11 Aug 2023 Evaluate

D B Realty’s wholly owned subsidiary -- Vanita Infrastructure has executed a Share Purchase Agreement on August 10, 2023 to acquire equity shares of Siddhivinayak Realties. The price at which equity shares shall be acquired is Rs 79.615 per equity share which aggregates to around consideration of Rs 60 crore.

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 656.15
Oberoi Realty 1734.10
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