Brigade Enterprises Limited has announced the acquisition of a 51% stake in M/s. Ananthay Properties Private Limited. This move aims to expand the company’s real estate development portfolio.
The acquisition was executed through its subsidiaries—M/s. Mysore Projects Private Limited and M/s. Brigade Tetrarch Private Limited. Collectively, they acquired equity shares amounting to ₹1.94 crore.
The acquisition aims to enable Brigade Enterprises to undertake new real estate development projects, aligning with its core business objectives.
Ananthay Properties Private Limited, incorporated in March 2022, focuses on real estate development. However, it is currently in the initial stages of operations, with no recorded turnover for FY23 and FY24.
As of 11:03 AM on January 3, 2025, Brigade Enterprises’ share price has gained nearly 2%, reflecting positive investor sentiment following the acquisition announcement.
Brigade Enterprises launched “Brigade Citrine”, a residential project in Budigere Cross, Whitefield, Bengaluru. Brigade Citrine comprises 420 thoughtfully designed 1,2,3 and 4 BHK homes spread across around 4.3 acres. The project has a revenue potential of ₹500 crore in the month of December.
Brigade Enterprises’ strategic move to acquire a majority stake in Ananthay Properties highlights its intent to expand in the real estate sector.
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