Agi Infra Limited has informed the Exchange about Acquisition
AGIIL · price
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AGI Infra Limited is acquiring a 60% stake in M/s WorldNext Realty LLP by investing Rs. 30 Crores in cash through banking channels. The target LLP is in the construction and real estate business, primarily involved in group housing projects, houses, and bungalows, with a turnover of about Rs. 3.21 Crores in FY2025. The acquisition is expected to be completed by March 31, 2026, and is not a related party transaction. The deal is in the same line of business as AGI Infra, aimed at expanding its core operations in the real estate and construction sector.
This acquisition strengthens AGI Infra's presence in the real estate and construction sector, particularly in Punjab. The Rs. 30 Crore cash outflow for a company of this size is notable and may be viewed as a growth-oriented move by investors.