Anant Raj Limited to Acquire Remaining Stake in Romano Projects, Creating Wholly Owned Subsidiary
On April 27, 2026, Anant Raj Limited announced that its Finance and Investment Committee approved an additional investment in Romano Projects Private Limited. The investment involves the acquisition of 12,500 fully paid-up equity shares, representing 25% of the paid-up equity share capital of the Target Company. Following this acquisition, Romano Projects Private Limited will become a Wholly Owned Subsidiary of Anant Raj Limited.The committee meeting, held on Monday, April 27, 2026, considered and approved the acquisition from the existing equity shareholder of Romano Projects Private Limited.
The transaction details confirm that the Company currently holds a 75% equity capital in Romano Projects Private Limited. The proposed acquisition increases the Company’s shareholding to 100%, making the Target Company a wholly owned subsidiary. The transaction is set to be carried out at an arm's length basis, based on the valuation report of an independent valuer.
Transaction and Company Overview
Romano Projects Private Limited is engaged in the real estate business. The Target Company is a land-owning entity, holding lands in Sector 63 A, Gurugram, which is part of the Anant Raj Estate township. The acquisition aims to achieve complete ownership and control over the Target Company by acquiring the remaining 25% of its paid-up equity share capital. Anant Raj Limited anticipates that the completion of the transaction will result in operational synergies, enhanced managerial control, and a strengthened overall business position for the Company.The acquisition is structured as a cash consideration.
Key Financial and Transaction Details
The following table summarizes the details of the acquisition:| Metric | Details |
|---|---|
| Target Company | Romano Projects Private Limited |
| Business Sector | Real Estate |
| Shares Acquired | 12,500 fully paid-up equity shares |
| Stake Acquired | 25% of paid-up equity share capital |
| Total Cost of Acquisition | Rs. 3,58,12,500/- |
| Current Stake Held | 75% |
| Post-Acquisition Stake | 100% |
| Target Company Incorporation Date | July 9, 2007 |
The turnover of the Target Company for the past three financial years was reported as NIL for the following periods:
| Financial Year | Turnover |
|---|---|
| 2024-2025 | NIL |
| 2023-2024 | NIL |
ANANTRAJ Stock Price Movement
Today, Anant Raj Limited shares edged higher to close at ₹500.9, recording a significant gain of 8.33%. The equity traded on a volume of 13.76 million shares today, settling well above its day low of ₹466.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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