Crest Ventures (CVL) has completed the acquisition of 100% of the issued and paid-up share capital of Crest Shelters (CSPL) for a total consideration of Rs 157.43 lakh. Following this acquisition, CSPL has become a Wholly Owned Subsidiary of the Company. The primary objective of the acquisition of CSPL is to consolidate CVL’s interest in CSPL, a company earmarked for Real Estate activities.
Crest Ventures has been involved in the development and management of real estate projects and is developing various premium residential and commercial properties in Mumbai, Kolkata, and Chennai, as well as a township in the heart of Raipur city.
