MoneyWorks4Me

D B Realty’s arm acquires entire equity shares in DB Conglomerate Realty

08 Dec 2023 Evaluate

D B Realty’s wholly owned subsidiary -- Vanita Infrastructure has acquired entire equity shares of DB Conglomerate Realty. Post acquisition of the shares by Vanita Infrastructure, DB Conglomerate Realty has become a step down subsidiary of the company. Cost of acquisition is Rs 1 lakh. 

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 1116.30
Prestige EstatesProj 1433.40
Dilip Buildcon 404.90
DLF 655.80
Oberoi Realty 1734.90
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