Detail as per attachment enclosed.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Thrive Future Habitats Ltd has disclosed the acquisition of 18,24,907 equity shares (30.31% stake) in its subsidiary 1908 E-Ventures Private Limited. Of these, 7,61,160 shares (12.65%) have already been credited to the company's demat account from 3 transferors - Vimla A Lalvani, J B Advani and Company Pvt Ltd, and Deep Ashda Lalvani. The total consideration is Rs. 18,249.07. The acquisition aims to make 1908 EVPL a wholly-owned subsidiary for effective management control and operational integration. Some transfers qualify as related party transactions. The target company operates in e-commerce and has seen declining turnover from Rs. 642.96 lakhs (FY23) to nil (FY25), with a net loss of Rs. 252.42 lakhs.
The acquisition will consolidate control over the subsidiary and simplify the group structure. However, 1908 EVPL has no revenue and significant losses, which may raise concerns about the value being paid for a loss-making entity.