Shradha Infraprojects Limited has informed the Exchange about General Updates regarding Execution of Sale Deed by Solus Ventures LLP (Fellow Subsidiary of the Company and Subsidiary of Active Infrastructures Limited, which in turn is a Subsidiary of Shradha Infraprojects Limited) ( the Buyer ) with M/s. Sarthak Electromech Private Limited ( the Seller ), for purchase of the property, for a total lump sum consideration of INR 37,17,50,000/- (Indian Rupees Thirty-Seven Crore Seventeen Lakh Fifty Thousand only).
SHRADHA · price
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Solus Ventures LLP, a fellow subsidiary of Shradha Infraprojects Limited, is executing a Sale Deed to purchase property from M/s. Sarthak Electromech Private Limited. The total lump sum consideration is Rs. 37.175 crore (Thirty-Seven Crore Seventeen Lakh Fifty Thousand). Solus Ventures LLP sits under Active Infrastructures Limited, which itself is a subsidiary of Shradha Infraprojects Limited. This is a group-level property acquisition with no details yet on funding source or the specific nature/location of the property.
A Rs. 37+ crore property purchase by a subsidiary could signal real estate expansion or asset accumulation by the group. Shareholders should watch for further disclosures on funding (debt vs internal accruals) and the strategic use of the acquired property, as this could affect consolidated financials and leverage.