Execution of Definitive Agreement for FSI/PTC Sales with Embassy Group.
Price
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Awaiting price reaction for this filing.
B-Right Realestate's step-down partnership subsidiary, Parth Construction, has signed a final registered sale agreement with Birch Real Estate Pvt Ltd (part of the Embassy Group) to sell FSI/PTC (development rights) of 7,134.85 square metres for a total consideration of Rs. 117.72 crores. This formalizes the MOU that was disclosed earlier on October 7, 2025. The transaction monetises a portion of B-Right's real estate development potential by transferring it to a marquee real estate group.
This is a meaningful asset monetization event for B-Right Realestate that converts development rights into upfront cash of over Rs. 117 crores. Investors may view the partnership with the well-known Embassy Group as a positive validation, though the impact on per-share value depends on the company's overall land bank and how this capital is deployed.