Hubtown invests Rs 36.78 cr in subsidiary RTPL via rights issue subscription
HUBTOWN · price
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Hubtown Limited subscribed to 1.22 crore Class A equity shares of its subsidiary Rare Townships Private Limited (RTPL) at Rs 30 per share (face value Rs 10, premium Rs 20), investing Rs 36.78 crore. This increased Hubtown's stake in RTPL from 72.91% to 74.65%. RTPL is in real estate construction and development. RTPL turnover jumped to Rs 98.03 crore in FY26 from Rs 0.40 crore in FY25. Transaction was a related party deal done at arm's length.
Minor stake increase in subsidiary. Signals confidence in RTPL's real estate business. Limited material impact on consolidated financials.