Nila Spaces invests about 6 crore in Alt Realtech via preference shares
NILASPACES · price
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Nila Spaces board approved investing about INR 6.03 crore in 225 Compulsorily Convertible Preference Shares of Alt Realtech, the operator of tokenised real estate marketplace Alt DRX in India and Qatar. Post conversion the stake works out to around 1.4 percent. Alt DRX has about 2 million USD annual revenue and reported a loss in FY25. Completion is targeted by 28 February 2026. Q3 FY26 standalone PAT rose to 6.83 crore from 3.77 crore year on year.
Small strategic entry into digital real estate and tokenisation. Q3 profit nearly doubled year on year supporting the investment.