Max Estates Ltd to acquire Astiki Realty Pvt Ltd

Max Estates Limited has today, i.e. January 1, 2024, approved the acquisition of 100% equity shares of Astiki Realty Private Limited by way of investment.

The purpose of acquiring this entity is to have an investment vehicle to pursue acquisition of residential or commercial real estate growth opportunities either through Outright deals (bilateral or auctions including by Government) or Joint Development route as a part of Max Estates' stated strategy of adding 2 mn square feet of development opportunity every year.

Shares of Max Estates Limited was last trading in BSE at Rs. 309.70 as compared to the previous close of Rs. 314.90. The total number of shares traded during the day was 3997 in over 149 trades.

The stock hit an intraday high of Rs. 320.85 and intraday low of 307.95. The net turnover during the day was Rs. 1244064.00.

Source : Equity Bulls

Keywords

MaxEstates Residential Commercial Projects INE03EI01018 Investment AstikiRealty