The Exchange has sought clarification from Aditya Birla Real Estate Limited with respect to recent news item captioned Birla Estates enters JV with M S Ramaiah Realty, targets Rs 3000 cr revenue. The response from the Company is attached.
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The stock exchanges (BSE and NSE) asked Aditya Birla Real Estate Limited to clarify a recent Economic Times article headlined 'Birla Estates enters JV with M S Ramaiah Realty, targets Rs 3000 cr revenue.' The company responded that this is not new news — it is the same story originally announced in March 2022 and already disclosed to the exchanges at that time. The original JV was between Birla Estates (a wholly-owned subsidiary) and M S Ramaiah Realty LLP for a 52-acre integrated township project in North Bangalore with Rs 3,000 crore revenue potential and 4 million sq. ft. development area. The company also attached a more recent April 14, 2026 press release showing Rs 650 crore in bookings at Birla Trimaya Phase 4 in Bengaluru, with cumulative bookings across all phases at ~Rs 2,459 crore.
No new information for investors — this is a clarification that the JV news is over three years old. The supportive recent update on Birla Trimaya Phase 4 bookings is positive but already disclosed earlier. Share price reaction is unlikely to be material.