Brigade Enterprises has acquired 100% stake in the equity shares of M/s Celebrations, step down subsidiary of the Company. M/s. Brigade Hospitality Services, wholly owned subsidiary of the Company was holding 100% of the equity shares of M/s Celebrations before this acquisition. Due to the aforesaid acquisition M/s. Celebrations has become a wholly owned subsidiary of the Company with effect from August 19, 2026.
The acquisition is made with the object to undertake Real Estate development projects in the company. The cost acquisition is Rs 30 lakh.
Brigade Enterprises, a flagship company of Brigade Group, is engaged in developing residential, commercial and retail properties primarily in Bangalore and Mysore, and has also developed and is managing a number of serviced apartments under the brand, Brigade Homestead.
