January 10, 2024: Real estate developer Macrotech Developers, which operate as the Lodha Group, has executed sales and purchase agreement (SPA) for acquisition of 100% equity stake in Goel Ganga Ventures India Private Limited (GGVIPL).
Pursuant to the agreement, GGVIPL will become a wholly owned subsidiary of the company. The company mentioned this as part of the regulatory filing under Regulation 30 of the Securities and Exchange Board of India (Sebi).
According to the regulatory filing, no regulatory approvals are required for the acquisition. The acquisition will be completed by January 15. The cost of acquisition or the price at which the shares are acquired is Rs 1, 00,000.
GGVIPL, incorporated on July 16, 2020, is in the business of real estate development and related activities.
| Got any questions or point of view on our article? We would love to hear from you. Write to our Editor-in-Chief Jhumur Ghosh at jhumur.ghosh1@housing.com |
With 16+ years of experience in various sectors, of which more than ten years in real estate, Anuradha Ramamirtham excels in tracking property trends and simplifying housing-related topics such as Rera, housing lottery, etc. Her diverse background includes roles at Times Property, Tech Target India, Indiantelevision.com and ITNation. Anuradha holds a PG Diploma degree in Journalism from KC College and has done BSc (IT) from SIES. In her leisure time, she enjoys singing and travelling.
Email: anuradha.ramamirtham@housing.com
Related Posts
SEBI to allow REITs and InvITs to take off this year.
Business at a standstill, no one lending money due to pending PIL: Indiabulls tells HC.
Tough to maintain Aamby Valley: Official receiver tells SC.
Calcutta Stock Exchange to develop prime five-acre plot it owns in New Town.
Piramal Group completes takeover of embattled DHFL.
SEBI refund to Sahara investors reach Rs. 138 crore since 2012.