Crest Ventures Limited has informed the Exchange about Acquisition of shares of Crest Prime Limited.
CREST · price
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Crest Ventures Limited (CVL) has completed the acquisition of 100% of the issued and paid-up share capital of Crest Prime Limited (CPL) for a total consideration of INR 1.53 Lakh, making CPL a Wholly Owned Subsidiary. The acquisition was done from Fine Estates Private Limited (FEPL), the holding company of CVL, making it a related party transaction conducted at arm's length basis as per an independent valuation. CPL is engaged in real estate development and related activities, which aligns with CVL's existing core business. Notably, CPL had nil turnover for the last three financial years (FY23, FY24, FY25) and was incorporated on September 24, 2021. No governmental or regulatory approvals were required for this transaction, and the consideration was paid in cash through banking channels.
While the deal amount is small (INR 1.53 Lakh) and the acquired entity has no current revenue, this consolidation streamlines CVL's real estate business structure and removes CPL as a separate group entity. For shareholders, this is a minor structural move with negligible direct financial impact, though it signals continued focus on the real estate vertical.