Intimation under Reg. 30 of SEBI (LODR) Reg,2015 - Acquisition
Price
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Awaiting price reaction for this filing.
Trescon Limited has informed the stock exchanges about acquiring a 60% interest in Triveni Housing Associates LLP through capital contribution (cash). The target LLP was newly incorporated on April 11, 2025 (the same day as the announcement) and operates in the real estate sector. The total cost of acquisition will not exceed Rs. 6,00,000 (Rs. 6 lakhs). The deal is classified as a related party transaction, as the promoters/promoter group have an interest in the LLP, though the company states it is being done at arm's length. The acquisition is expected to be completed by April 30, 2025, and no government or regulatory approvals are required. The LLP has no prior turnover or financial history as it was just incorporated.
The acquisition size is very small (Rs. 6 lakhs) and the target is a newly formed entity with no track record, so this is unlikely to have any meaningful impact on Trescon's financials or share price. However, the related party nature of the deal (promoter group involvement) is something shareholders should monitor for governance purposes.