Anant Raj Limited has informed the Exchange regarding Outcome of Committee Meeting held on April 27, 2026.
ANANTRAJ · price
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Anant Raj Limited's Finance and Investment Committee approved acquisition of 12,500 equity shares (25% stake) in Romano Projects Private Limited for Rs. 3.58 crore in cash. After this transaction, RPPL will become a wholly owned subsidiary of the company, increasing Anant Raj's stake from 75% to 100%. RPPL is a real estate company engaged in land ownership, holding lands in Sector 63A, Gurugram as part of the 'Anant Raj Estate' township. The target company had nil turnover for the past three financial years. The transaction qualifies as a related party transaction but is being conducted at arm's length based on an independent valuer's report. No regulatory approvals are required and the acquisition will be completed immediately.
The acquisition consolidates full control over RPPL, a land-owning subsidiary, which may unlock operational synergies and strengthen Anant Raj's real estate portfolio. For shareholders, this represents a strategic move to gain complete ownership of assets in the Anant Raj Estate township project.