MoneyWorks4Me

Keystone Realtors’ arm to acquire 100% stake in Real Gem BuildTech

07 Nov 2023 Evaluate

Keystone Realtors’ 100% owned subsidiary -- Kingmaker Developers has entered into share purchase agreement to acquire 100% equity share and all preference share from existing shareholders of Real Gem BuildTech (Target Company). Real Gem BuildTech is a developer for the project ‘Rustomjee Crown’ located at Prabhadevi, Mumbai (Project) and Kingmaker Developers is a development manager for the Project since March 2018. The proposed acquisitions by the Kingmaker Developers shall be subject to completion of customary conditions precedent.

Keystone Realtors is one of the prominent real estate developers and is engaged primarily in the business of real estate construction, development and other related activities in India.


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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