Acquisition of 2,03,78,750 Equity shares of S.D. Infrastructure & Real Estate Private Limited. Pursuant to the above action the said Company shall be our subsidiary Company.
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RDB Real Estate Constructions Ltd has agreed to acquire 2,03,78,750 equity shares (65.12%) of S.D. Infrastructure & Real Estate Private Limited for Rs. 32.60 crore in cash, at Rs. 16 per share (face value Rs. 10 + premium Rs. 6). The target company, incorporated in 1991 and operating in the real estate sector, will become a subsidiary of RDB. The acquisition is a related party transaction (promoter group holds existing shares), conducted at arm's length. No regulatory approvals are required, and the move is aimed at expanding RDB's real estate business. The target reported turnover of Rs. 127.6 crore in FY25, Rs. 146.6 crore in FY24, and Rs. 63.3 crore in FY23.
This acquisition consolidates RDB's position in the real estate sector by adding a subsidiary with established operations. Shareholders should note it is a related party transaction, though conducted at arm's length, and the all-cash deal of Rs. 32.6 crore may have a modest impact on cash reserves while expanding revenue base.