Marathon Nextgen Realty's subsidiary acquires controlling stake in 3 real estate firms for ₹70 Cr
Marathon Nextgen Realty's subsidiary acquired controlling stakes in DVK Developers, SSS Developers, and SSS Builders for a total of ₹70 Crores. These real estate entities have a combined GDV potential exceeding ₹840 Crores.
The acquisition involves a significant investment of ₹70 Crores and is expected to contribute to vertical expansion and business growth, potentially impacting the company's future revenue and market presence.
The acquisition of controlling stakes in three real estate entities is a strategic move expected to support business growth and expansion, indicating a positive development for the company.
Marathon Nextgen Realty Limited (MARATHON) announced that its wholly-owned subsidiary, Nexzone IT Infrastructures Private Limited (NZIT), has acquired controlling interests in three real estate entities: DVK Developers Private Limited (DVK), Shree S S Developers Private Limited (SSSD), and Shree Swami Samarth Builders (SSSB).
The total investment for these acquisitions amounts to ₹70.00 Crores.
DVK Developers Private Limited, engaged in construction and real estate activities with ongoing projects in MMR, was acquired for ₹22.48 Crores, securing a 51% controlling interest (including a 34% economic interest). DVK has a Gross Development Value (GDV) potential of over ₹245 Crores.
Shree S S Developers Private Limited, also involved in real estate in MMR, was acquired for ₹40.27 Crores, obtaining a 51% controlling interest (including a 34% economic interest). The GDV for SSSD's projects is estimated to exceed ₹385 Crores.
Shree Swami Samarth Builders, a registered partnership firm in the real estate sector with projects in MMR, was acquired for ₹7.26 Crores, gaining a 51% controlling interest (including a 33.33% profit-sharing entitlement). The expected GDV for SSSB's projects is over ₹210 Crores.
These strategic acquisitions are expected to support vertical expansion, business growth, and enhance the customer base for Marathon Nextgen Realty Limited. All acquisitions were completed for cash consideration and are not considered related party transactions.
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Marathon Nextgen Realty Limited filed this with the NSE as a statutory disclosure, categorised under acquisition. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Marathon Nextgen Realty Limited. Read the original for the full detail.