Brigade Enterprises has acquired additional stake of 4.53% in the equity shares of BCV Developers, subsidiary of the Company from its existing shareholders who are Joint Venture Partners. Accordingly, the shareholding of the Company has been increased from 62.51% to 67.04% in BCV Developers.
BCV Developers is developing a 135 plus acres smart township at Devanahalli, Bangalore with a potential development of 6 million square feet out of which 4.50 million square feet has already been developed.
Brigade Enterprises is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.
