Crest Ventures has acquired 10,000 equity shares of Rs 10 each, fully paid-up, representing 100% of the issued and paid-up share capital of Crest Prime (CPL) for a total consideration of Rs 1.53 lakh. Following this acquisition, CPL has become a wholly owned subsidiary of the company. The primary objective of the acquisition of CPL is to consolidate the company’s interest in CPL, 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.
