Signatureglobal (India) has received approval for acquisition of the balance 15.41% equity shareholding of Indeed Fincap (Indeed), a subsidiary company. Subsequent to the acquisition of the said 15.41% shareholding, Indeed will become a wholly owned subsidiary of the Company. The acquisition is undertaken with an objective of taking the full control over its NBFC business. The Company is already holding 84.59% equity sharcholding in Indeed.
The total cost of acquisition would be around Rs 2.966 crore (calculated on the enterprise value of 19.25 crore).
Signatureglobal (India) is a real estate development company. The company operates in the National Capital Region of Delhi (Delhi NCR). The company strategically focused on the Affordable Housing segment and the Middle Income Housing segment through GoI and state government policies.
Company Name | CMP |
---|---|
Dilip Buildcon | 442.20 |
Macrotech Developers | 1135.50 |
NBCC (India) | 130.30 |
Prestige EstatesProj | 1470.00 |
DLF | 840.95 |
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