Odyssey Corporation Ltd. Acquires Remaining Stake in Odyssey Infrabuild Private Limited
Odyssey Corporation Ltd. announced on March 28, 2026, the acquisition of the remaining 20% equity stake in Odyssey Infrabuild Private Limited. This acquisition transforms Odyssey Infrabuild Private Limited into a wholly-owned subsidiary of Odyssey Corporation Ltd.The transaction was carried out at arm's length, with the valuation determined by an independent Registered Valuer.
Details of the Acquisition
The acquisition involved a cash consideration of Rs. 10,00,00,000. No governmental or regulatory approvals were required for the acquisition.
A table summarizing the key details of the acquisition is provided below:
| Detail | Information |
|---|---|
| Name of the target entity | Odyssey Infrabuild Private Limited |
| Incorporation Date | 10/06/2011 |
| Corporate Identity | Private Limited Company |
| Registered Office | B/102 Haridarshan Co-operative Housing Society, KES Law College, Bhogilal Phadia Road Kandivali (W), Mumbai 400067 |
| Related Party Transaction | Yes, the promoter/ promoter group/ group companies have an interest in the entity being acquired |
| Industry | Construction Contracts |
| Objects and Effects of Acquisition | Strategic investment |
| Governmental or Regulatory Approvals Required | No |
| Nature of Consideration | Cash consideration |
| Cost of Acquisition | Rs. 10,00,00,000 |
| Additional Investment | NA |
| Shareholding Acquired | 20% equity stake |
| Control Acquired | Yes |
| Agreement Details | Governance and ownership framework to support leadership and efficient execution |
| Date of Execution | March 28, 2026 |
| Impact on the Company | Consolidation of financials |
| Interest of Promoters/Director | Yes, the promoter/ promoter group / group companies have an interest in the entity being acquired |
The Board of Directors meeting commenced at 12:45 pm (IST) and concluded at 01:30 pm (IST).
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