Anant Raj Limited to Acquire 100% Stake in Sheetij Properties

Anant Raj Limited announced a significant strategic move of acquiring 100% equity shares of Sheetij Properties Private Limited, a company engaged in real estate development. This acquisition was approved by the Finance and Investment Committee during their meeting on August 29, 2024. Following this transaction, Sheetij Properties Private Limited will become a wholly-owned subsidiary of Anant Raj Limited.

Sheetij Properties Private Limited, incorporated on March 5, 2024, under the Companies Act, 2013, is based in New Delhi and has a strategic partnership interest in Fortunea Infrastructure LLP. This partnership holds approximately 11.35 acres of prime land in Sector 63A, Gurugram, Haryana. The land is located in an area where Anant Raj Limited already has a significant development project, the Anant Raj Estate. The acquisition of Sheetij Properties is expected to substantially increase Anant Raj Limited’s land holdings in this key region, enhancing the company’s development potential, particularly for residential projects.

The acquisition involves purchasing 1,000 equity shares of Sheetij Properties, each valued at ₹10, making Anant Raj Limited the sole owner of the company. In addition to acquiring these shares, Anant Raj Limited will extend an immediate Inter-Corporate Loan of ₹42 crores to Sheetij Properties. This financial support is intended to facilitate ongoing and future development activities. Furthermore, Anant Raj Limited has committed to providing additional funds as needed to support the subsidiary’s projects once the acquisition is complete.

This strategic acquisition aligns with Anant Raj Limited’s broader vision to strengthen its presence in the Gurugram real estate market, particularly in the highly sought-after Sector 63A. By integrating Sheetij Properties into its portfolio, Anant Raj Limited aims to accelerate the development of its projects, capitalise on the booming real estate market in Gurugram, and increase its competitive edge in the residential development sector.

Overall, this acquisition represents a significant milestone for Anant Raj Limited, enhancing its growth potential and reinforcing its position as a leading player in the real estate industry.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.