Announced Sat, 29 Aug, 2026 · 24:26 IST
Max Estates to acquire 9 land firms for about 420 crore via share swap
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
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-3.1-1.6-1.8-2.8-7.3-3.2-1.9-1.1+0.8+1.1+10.1+7.4——
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AI summary
Max Estates board approved acquiring 9 promoter-group land companies holding about 84.7 acres in Najafgarh, Delhi, with 4-6 million sq ft development potential. Consideration of about Rs 420 crore will be discharged via share swap — up to 70.33 lakh shares at Rs 597.50 each. It is a related-party transaction, to be voted on at an EGM on Sept 24, 2026, with completion expected by Oct 9, 2026.
Likely market impact
Strengthens Delhi land bank and development pipeline, but dilutes existing shareholders about 4.3 percent via share-swap to promoter group.