Announced Sat, 29 Aug, 2026 · 24:15 IST
Max Estates acquires 84.71-acre Delhi land bank for about 420 Cr in equity
Promoter Disclosed Acquisition PlansOrder Pipeline DisclosedInvestor Communications View source PDFExplain this filing
MAXESTATES · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-7.3%1-day move
₹542.40
prior close
₹549.80
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
-3.1-1.6-1.8-2.8-7.3-3.2-1.9-1.1+0.8+1.1+10.1+7.4——
Up moveDown movePending
AI summary
Max Estates to acquire about 84.71 acres of Delhi land for about 420.2 Cr, paid fully in equity (about 70 lakh shares at INR 597.50). Zero cash outflow. Estimated GDV of about 10,000-12,000 Cr over the next few years. Land cost is below 5 percent of GDV against the industry norm of 20-25 percent. Subject to shareholder and regulatory approvals. Promoter holding rises from 45.3 percent to 47.1 percent.
Likely market impact
Adds large Delhi land bank without cash outflow, boosting multi-year pipeline but causing slight shareholder dilution.