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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Thrive Future Habitats Limited (formerly Ador Multiproducts Limited) has acquired 18,24,907 equity shares representing 30.31% of 1908 E-Ventures Private Limited from 18 transferors, including related parties. The acquisition is being undertaken to make 1908 EVPL a wholly owned subsidiary of the company, enabling effective management control and operational integration. The total consideration paid is Rs. 18,249.07. The target company is in the e-commerce/online retail and marketplace services business and has been loss-making (net loss of Rs. 252.42 lakhs for FY25) with nil turnover in FY25, down from Rs. 642.96 lakhs in FY23. The transaction qualifies as a related party transaction as some transferors (including Mr. Tushar Rohinton Balsara and J B Advani And Company Pvt. Limited) are part of the promoter group. The transaction is stated to be on an arm's length basis and expected to complete by December 31, 2026.
The acquisition strengthens Thrive Future Habitats' control over its subsidiary, consolidating ownership to 100%. However, the target company has no revenue and significant losses, suggesting the acquisition is strategic for integration rather than immediate financial upside. Shareholders should monitor whether the e-commerce venture turns around under full control.