Marathon Nextgen Realty Ltd. Invests in Multiple Projects Through Subsidiary
Marathon Nextgen Realty Ltd. announced that its wholly-owned subsidiary, Nexzone IT Infrastructures Private Limited (NZIT), has acquired a controlling interest in DVK Developers Private Limited (DVK), Shree S S Developers Private Limited (SSSD), and Shree Swami Samarth Builders, a partnership firm (SSSB), for a total investment of Rs. 70.00 Crores.The investment, detailed in filings received by the company on March 27, 2026, is expected to support vertical expansion, business growth, and an improved customer base. The combined gross development value (GDV) of the projects is projected to exceed Rs. 245 Crores, Rs. 385 Crores and Rs. 210 Crores over the life of the projects, respectively.
Details of Acquisitions:
The following table outlines the key details of the acquisitions:
Acquisition of DVK Developers Private Limited
| Particulars | Details |
|---|---|
| Name of the target entity | DVK Developers Private Limited |
| Authorised Capital | Rs. 6.5 Cr |
| Paid Up Capital | Rs. 3.00 Cr |
| Turnover | Nil |
| Percentage of shareholding / control acquired | 51% controlling interest (including 34% economic interest) |
| Cost of acquisition | Rs. 22,47,60,240 |
Acquisition of Shree S S Developers Private Limited
| Particulars | Details |
|---|---|
| Name of the target entity | Shree S S Developers Private Limited |
| Authorised Capital | Rs. 5.00 Cr |
| Paid Up Capital | Rs. 2.00 Lakhs |
| Turnover | Rs. 22.08 Cr |
| Percentage of shareholding / control acquired | 51% controlling interest (including 34% economic interest) |
| Cost of acquisition | Rs. 40,26,86,760 |
Acquisition of Shree Swami Samarth Builders
| Particulars | Details |
|---|---|
| Name of the target entity | Shree Swami Samarth Builders |
| Turnover | 40.00 Lakhs |
| Percentage of shareholding / control acquired | 51% controlling interest (including 33.33% of profit sharing entitlement) |
| Cost of acquisition | Rs. 7,25,53,000 |
Source:
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