Active Infrastructures Subsidiary Enters Agreement to Acquire Commercial Plot in Nagpur for Real Estate Development
Active Infrastructures Limited, through its step down subsidiary Raghukul Shradha Realty LLP, has executed an Agreement to Sell concerning the acquisition of a significant immovable property in Nagpur. The purchase is intended to support the real estate development objectives of the LLP.The property being acquired is located at Nagpur Improvement Trust Leasehold Plot No. 25, Civil Station Expansion Scheme, Mashruwala Marg, Cement Road, Shivaji Nagar, Nagpur. The agreement includes the existing residential structure standing on the plot.
Raghukul Shradha Realty LLP, which operates as a step down subsidiary and is also a subsidiary of Achievers Ventures Private Limited (WOS), will pay a total consideration of ₹17,85,60,000/- for the acquisition. This figure represents the agreed amount exclusive of applicable stamp duty, registration charges, and other incidental expenses.
The transaction adheres to the business objectives of the LLP focused on undertaking real estate development activities. The completion of the acquisition remains subject to the terms and conditions specified in the Agreement to Sell.
Key details regarding the agreement include:
| Disclosure Aspect | Details |
|---|---|
| Purchaser | Raghukul Shradha Realty LLP, a step down subsidiary of Active Infrastructures Limited. |
| Sellers/Vendors | Shri Udayan Govindrao Shrouti, Smt. Anita Udayan Shrouti, Shri Chidanand Udayan Shrouti, and Kumari Abhipsa Udayan Shrouti. |
| Acquired Asset Location | Nagpur Improvement Trust Leasehold Plot No. 25, Shivaji Nagar, Nagpur. |
| Total Consideration | ₹17,85,60,000/- |
| Related Party Status | The Sellers are not related to the Promoter or Promoter Group of Shradha Realty Limited; the transaction is non-related party. |
The agreement stipulates that the consideration will be paid as per the terms established between all parties. The acquisition is expected to be completed upon fulfillment of the stipulations under the Agreement to Sell and subsequent execution of necessary transfer and conveyance documents.
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Shares of Active Infrastructures Limited closed today at ₹180.00, settling entirely flat with zero percentage change after trading finished. The equity maintained its previous day's closing price throughout the entire session.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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