Cemindia Projects Limited has informed the Exchange about Acquisition
CEMPRO · price
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Awaiting price reaction for this filing.
Cemindia Projects Limited will subscribe for 2,600 equity shares of Rs 10 each, taking a 26% stake in newly incorporated Morsagar Bisalpur Water Limited (MBWL), which was set up on 3rd November 2025. The remaining 74% will be held by Adani Enterprises Limited, a related party. MBWL will handle the design, finance, construction, operation and maintenance of the Mor Sagar Artificial Reservoir and feeder from Bisalpur in Rajasthan under a Hybrid Annuity Model. MBWL has a total subscribed capital of Rs 1 lakh and has not yet started business operations, so the deal value is nominal at this stage. The company has not disclosed the cost of acquisition in the filing.
This is a strategic entry into water infrastructure with a marquee partner (Adani Enterprises), which could open up a new vertical for Cemindia. However, the financial impact is negligible at the subscription stage; investors should watch for project awards and further funding requirements in the JV going forward.