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Rap Corp gets nod to acquire 49.90% stake in Platinumcorp Value Sheltors

03 Dec 2025 Evaluate

Rap Corp has received board approval to acquire 9960 equity shares of Rs 10 each constituting 49.90% of the paid-up capital of Platinumcorp Value Sheltors (PVSPL) to expand its business of real estate development through new projects. In this regard, the company has signed necessary definitive documents with PVSPL and its shareholders. The cost of the acquisition is Rs 99,600 and is expected to be completed within 30 to 45 days.

The board has also approved that the company, may, in one or more tranches, invest or extend loan to PVSPL or other companies, within the limits approved by the shareholders of the company in accordance with applicable laws.

Rap Corp (Formerly RAP Media) is a real estate development organization focusing on conceptualising, designing, creating and management of world-class shopping malls-cum-multiplexes.

Rap Corp Share Price

36.08 -1.89 (-4.98%)
16-Apr-2026 13:45 View Price Chart
Peers
Company Name CMP
Lodha Developers 871.95
Dilip Buildcon 455.00
DLF 590.45
Oberoi Realty 1708.70
Ahluwalia Contract(I 822.45
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