Suraj Estate Developers Acquires 100% Stake in Hally Pacific for ₹30.40 Crore
Suraj Estate Developers acquired 100% of Hally Pacific Private Limited for ₹30.40 Crores. The acquisition aims to develop a land parcel in Prabhadevi, Mumbai. Hally Pacific's revenue was ₹17.41 lakhs in FY25. The deal is an all-cash transaction expected to complete within 30 days.
The acquisition amount of ₹30.40 Crores is significant and directly tied to a real estate development project, which is a core business activity for Suraj Estate Developers, indicating a medium-term impact.
The acquisition of a wholly-owned subsidiary for a strategic land development purpose is a positive development for the company's growth prospects.
Suraj Estate Developers Limited announced its acquisition of a 100% stake in Hally Pacific Private Limited for a total investment of ₹30.40 Crores on February 20, 2026. This strategic acquisition, made through a Share Purchase Agreement, will result in Hally Pacific Private Limited becoming a wholly-owned subsidiary of Suraj Estate Developers.
The primary objective of this acquisition is to facilitate the development of a land parcel measuring 717.39 square meters located at Sayani Road, Prabhadevi, Mumbai. Suraj Estate Developers plans to undertake real estate development on this plot.
Hally Pacific Private Limited, incorporated on August 11, 1992, was initially involved in the business of manufacturing and dealing in furniture. Its revenue from operations for the past three financial years were ₹45.96 lakhs in FY 2023, ₹37.19 lakhs in FY 2024, and ₹17.41 lakhs in FY 2025. The acquisition involves the purchase of 5,000 shares at ₹60,800 per share. The company stated that no specific governmental or regulatory approvals are required for this acquisition, and the completion is expected within 30 days from the execution of the Share Purchase Agreement. The transaction is an all-cash consideration and is not considered a related party transaction.
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Suraj Estate Developers 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 Suraj Estate Developers Limited. Read the original for the full detail.