Announced Fri, 21 Aug · 17:10 IST
Board approves 60% acquisition of Fidus Parkland via share swap
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved acquiring 60% stake in Fidus Parkland Pvt Ltd for about Rs 49.80 Crores (based on Rs 83 Cr valuation). Deal is through share swap, ratio to be decided later. Not a related party transaction, no regulatory approvals needed. Target is in real estate, letting Milgrey diversify from finance. Completion targeted by 31 March 2027.
Likely market impact
EPS-dilutive due to share swap, but adds real estate diversification. Swap ratio remains the key swing factor for shareholders.