Valor Estate’s wholly owned subsidiary -- MIG (Bandra) Realtors (MIG) has entered into transaction document with Adani Goodhomes for acquisition of entire equity share capital of Radius Estates and Developers (Radius Estates/ Target company).
Upon completion of the aforesaid acquisition, Radius Estates shall become a wholly owned subsidiary of MIG and, consequently, an indirect wholly owned subsidiary of the Company. The consummation of the acquisition is, inter alia, subject to the completion of agreed conditions, including the release of the pledged shares by the existing lender/charge holder, and the completion of transfer formalities in accordance with the definitive transaction documents.
The acquisition is in line with the Company’s real estate business and is intended to consolidate ownership and control over Radius Estates and its underlying project interests.
Valor Estate (Formerly known as D B Realty) is a full-service development company specializing in large scale urban regeneration projects across the Mumbai Metro Region.
