General Announcement under Regulation 30 (LODR)- Acquisition of M/s Priyal Realty Private Limited
Price
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B-Right Realestate's material subsidiary, B-Right Realestate Ventures LLP, has acquired an 80% stake in Priyal Realty Private Limited for a cash consideration of Rs. 2,40,000 on 8th August 2025. Priyal Realty, incorporated in September 2020 in Mumbai, now becomes a step-down subsidiary of B-Right Realestate. The target company has reported zero turnover in the last three financial years (FY21-22 to FY23-24) and operates in real estate construction and development. The acquisition is a related-party-free, non-NCLT deal done for backward integration, specifically to secure development rights for the Oscar Jyoti CHS Ltd project. No government or regulatory approvals were required for the transaction.
For shareholders, this is a low-cost strategic acquisition (just Rs. 2.4 lakh) aimed at expanding the company's real estate project pipeline through Oscar Jyoti CHS Ltd. The minimal purchase price keeps financial risk low, while the deal could add a new project to the company's portfolio if executed well.