Intimation of acquisition resulting to Wholly Owned Subsidiary Company of CIAN
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CIAN Agro Industries & Infrastructure Ltd has acquired a 100% stake in Vyankatesh Engineers & Contractors Private Limited, making it a wholly owned subsidiary effective November 1, 2025. The deal was done through cash consideration of Rs. 5 crore, matching the target company's paid-up share capital. Vyankatesh Engineers is engaged in infrastructure and construction-related activities but reported nil turnover for the last three financial years. The acquisition is aimed at expanding CIAN's infrastructure business and is not a related party transaction, having been carried out at arm's length. The deal is expected to be completed within 30 days.
This acquisition allows CIAN to expand into infrastructure and construction through a wholly owned subsidiary, but the target currently has no revenue, so near-term financial impact may be limited. Shareholders should watch for future capital infusion or business activity in the new subsidiary to gauge strategic value.