Kesar India raises stake in Nexa Infraspace to 30 percent, makes it associate co
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Kesar India Limited acquired an additional 20 percent equity stake in Nexa Infraspace Private Limited (NIPL) via a Share Purchase Agreement dated July 30, 2026. Total holding rose from 10 percent to 30 percent, making NIPL an associate company. Cost of acquisition was Rs 20,000 in cash. NIPL operates in construction and real estate development, was incorporated in March 2024, and reported nil turnover. The deal was done at arm's length from a non-related party seller.
Strengthens Kesar India's presence in real estate and infrastructure. Deal size is very small, so limited immediate financial impact, but supports long-term growth strategy.