Shriram Properties signs definitive docs to acquire partner stakes in 4 JVs

Shriram Properties has signed definitive documents to buy out partner stakes in four ongoing joint ventures: Shrivision Towers (49 percent, Rs 2,200 lakh), SPL Towers (49 percent, Rs 0.50 lakh), Shriprop Living Space (49 percent, Rs 1,499.40 lakh) and Shriprop Hitech City (50 percent, Rs 0.10 lakh). Total cash outflow is roughly Rs 3,700 lakh. All four are real estate development firms, none are related party deals, and no regulatory approvals are needed. FY26 turnovers range from nil to Rs 35,640 lakh. Completion is targeted on September 30, 2026.