The Company Systematix Corporate Services Limited has acquired stake in Urban Affordable Housing LLP on May 23, 2025. The Company has acquired 80% stake in the total contribution i.e., ....
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Systematix Corporate Services Ltd has acquired an 80% stake in Urban Affordable Housing LLP on May 23, 2025, making it a subsidiary of the company. The total consideration is Rs. 1,60,000 paid as cash via capital contribution. Urban Affordable Housing LLP operates in the real estate sector and is also proposed to act as a sponsor of Alternative Investment Funds (subject to approvals). The acquisition is classified as a related party transaction, conducted at arm's length, with promoters having no interest beyond their shareholding and directorship. The target entity has had zero turnover in the last three financial years (FY22–FY24) and was incorporated on January 10, 2018.
The deal size is very small (Rs. 1.6 lakh) and the target has no revenue history, so this is unlikely to materially affect financials. However, it gives the company a foothold in real estate and a future platform for sponsoring Alternative Investment Funds, which could become strategically relevant.