Brigade Enterprises Limited has informed the Exchange about Acquisition of Equity Shares by the Company
BRIGADE · price
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Brigade Enterprises has acquired 100% equity stake in AMG Info Park Private Limited for Rs. 13.44 crore in cash, making it a wholly owned subsidiary effective September 26, 2025. The target company is in the real estate development business but has had zero revenue in the last three financial years (FY23, FY24, FY25) and is yet to commence operations. Brigade stated the acquisition is aimed at undertaking real estate development projects. The deal is not a related party transaction and is being funded entirely in cash at Rs. 13,442.57 per equity share.
The acquisition aligns with Brigade's core real estate business and could support future project development, though the target currently generates no revenue, so near-term financial impact is limited. Shareholders should view this as a strategic, in-line acquisition rather than a transformative deal.