Arvind SmartSpaces Completes Stake Acquisitions and Disposals
Arvind SmartSpaces Ltd, a leading real estate development company, has executed transactions involving its subsidiary and a divestment of its stake in that subsidiary. The company's activities include the acquisition of a stake in Oxford Navrang Realtors Pvt. Ltd (ONRPL) by its wholly owned subsidiary and the sale of shares held by the parent company.Arvind Skyline Private Limited (ASPL), the wholly owned subsidiary of Arvind SmartSpaces Ltd, acquired 4,900 equity shares of Rs. 10/- each from Oxford Navrang Realtors Pvt. Ltd (ONRPL). This transaction granted ASPL a 49% stake in ONRPL's paid-up share capital. The acquisition was finalized through a Share Purchase Agreement and Shareholders' Agreement dated April 6, 2026.
Simultaneously, the parent company disposed of a portion of its holdings in ASPL. The Company sold 1,300 equity shares of Rs. 10/- each, representing a 13% equity share capital of ASPL held by the Company. The total consideration received for this sale was Rs. 13,000/-. The transaction details are summarized below:
| Particulars | Transaction Type | Details | Consideration |
|---|---|---|---|
| Acquisition in ONRPL | Stake Acquisition | 4,900 equity shares of Rs. 10/- each, constituting 49% stake. | Rs. 49,000/- |
| Disposal in ASPL | Stake Sale | 1,300 equity shares of Rs. 10/- each, 13% stake in ASPL. | Rs. 13,000/- |
Mr. Khetshi Barot and Mr. Kaushal Agarwal were the buyers for the stake sold by the Company in ASPL. These buyers are noted as not being related to the promoter and promoter group. Following the disposal, the Company will continue to hold 87% of the Equity Share Capital in ASPL.
Major Real Estate Development Project Announced in Mumbai
In a separate development, Arvind SmartSpaces Limited announced the signing of a residential high-rise project in Goregaon (West), Mumbai. This project is being executed in a partnership with Sigma Oxford Realtors and boasts a top-line potential of approximately Rs. 2,400 Cr.This endeavor will involve a joint redevelopment in Siddharth Nagar, Goregaon West, an area recognized as a sought-after micro market in Mumbai's Western suburbs. This marks the company's second high-rise project in the city and its third housing project in the Mumbai Metropolitan Region (MMR). The location benefits from connectivity via the Western Express Highway, Link Road, and SV Road, drawing interest from working professionals due to its proximity to major commercial hubs.
Priyansh Kapoor, Managing Director and CEO, Arvind SmartSpaces stated that the company is beginning the new financial year with its largest project to date in the portfolio. He noted that the company's approach in MMR focuses on asset-light structures and partnering with stakeholders in areas exhibiting high demand visibility and execution feasibility.
ARVSMART Stock Price Movement
Arvind SmartSpaces Limited closed today, posting a gain of 0.60% and settling at ₹529.45. The stock saw 29,591 shares traded as it finished strongly, marking a definitive upward shift for the equity.Source:
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