Max Estates Limited has informed the Exchange about General Updates "Max Towers Private Limited (a subsidiary of the Company) has today concluded the purchase of three floors, i.e., L19, L20, and L20M, situated at Max Towers, Sector 16-B, Noida-201301, admeasuring 60,561 square feet ( the Transaction ), from Max India Limited".
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Max Estates Limited's subsidiary, Max Towers Private Limited, has completed the purchase of three floors (L19, L20, and L20M) at Max Towers, Sector 16-B, Noida, covering 60,561 square feet. The transaction was done with Max India Limited, a listed company belonging to the same promoter group, for an aggregate consideration of INR 105.08 crore. Shareholders had earlier approved the deal on January 29, 2025, and the purchase was concluded on May 9, 2025. This is a related-party transaction between group entities and consolidates the subsidiary's ownership of the property asset.
This is a related-party transaction within the promoter group, so while it strengthens the subsidiary's asset base, investors should note that no independent third-party valuation is mentioned. The conclusion removes uncertainty around the deal but is largely an internal restructuring rather than a value-accretive acquisition from outside the group.