Shradha Infraprojects Limited has informed the Exchange about General Updates regarding Acquisition of Preference Shares of Suntech Infraestate Nagpur Private Limited (Wholly Owned Subsidiary)
SHRADHA · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Shradha Infraprojects Limited acquired 100% of the preference share capital of its wholly-owned subsidiary Suntech Infraestate Nagpur Private Limited from Riaan Ventures Private Limited for a cash consideration of up to ₹11.60 Crores. The Board approved the deal on December 3, 2025, and shareholders cleared it as a Related Party Transaction at an EGM on December 27, 2025. The acquisition was completed on December 30, 2025, giving Shradha 100% control over both equity and preference capital of the subsidiary. Suntech Infraestate is a project-specific entity in the construction/infrastructure space that has not commenced significant commercial operations (turnover of ₹0), with a reported PAT of ₹115.53 Crores and networth of ₹16.53 Crores. The deal is described as arms-length and in the ordinary course of business, aimed at consolidating the company's investment and strengthening the subsidiary's capital structure.
This is largely an internal consolidation of an already wholly-owned subsidiary and is unlikely to have a material impact on the stock price. It does not change Shradha's business lines or scale, but slightly increases its capital deployment in the subsidiary by ₹11.6 Crores for future project funding.