Rose Merc Completes Acquisition of Bungalow and Land in Pune for ₹1.3 Crore
Rose Merc Ltd has successfully completed the acquisition of a significant piece of immovable property located in Village Valvan, Taluka Maval, District Pune, Maharashtra. The purchase was finalized on July 17, 2026, with the company acquiring the asset for a total consideration of ₹1,30,00,000.The acquisition is part of the company's strategic plan and falls in line with the objectives approved by its Board of Directors, which had previously authorized the purchase of immovable property up to an aggregate value of ₹2,00,00,000. The transaction was conducted at arm's length and involves no interest from the promoter or promoter group.
The acquired asset includes a bungalow and non-agricultural land in Pune. The land is identified as a 50% share of Plot No. 5 bearing Survey No. 124/2, while the structure features stilt plus two upper floors with a built-up area of approximately 1,721 sq. ft.
Details regarding the completed acquisition are summarized below:
| Particulars | Details |
|---|---|
| Nature of Acquisition | Acquisition of freehold immovable property by way of registered Sale/Conveyance Deed |
| Date of Acquisition | July 17, 2026 |
| Total Consideration | ₹1,30,00,000 |
| Property Description | Bungalow (Municipal House No. 493) and land admeasuring 258.35 sq. metres in Village Valvan, Taluka Maval, District Pune, Maharashtra. |
| Seller(s) | Mr. Sachin Diwakar Deshpande and Mr. Salil Diwakar Deshpande |
The company intends to utilize the property for its business purposes, aiming for strategic expansion and the creation of long-term asset value. The transaction confirms that it does not involve any related party dealings.
Stock Price Movement
Rose Merc Ltd shares settled on Friday at ₹67.00 after seeing a 3.26% decline. The stock moved throughout the session within an intraday range established between a low of ₹65.01 and a high of ₹68.60.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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