Touchwood Entertainment Limited Incorporates Subsidiary for Real Estate Development
Touchwood Entertainment Limited has established a new entity, TouchTown Ventures Private Limited, which is set to function as its dedicated real estate arm. The subsidiary was formally incorporated and became operational on June 20, 2026, positioning the company to enter the property development sector.The newly formed company is designated to act as real estate developers, builders, contractors, and property managers. Its core mandate includes acquiring and utilizing development rights, approvals, and related assets for the commercial exploitation and development of real estate projects.
TouchTown Ventures Private Limited is incorporated in India and operates within the Real Estate industry. As a new entity, its turnover is currently not applicable as it has yet to commence its business operations. The incorporation details for the subsidiary are summarized below:
| Particulars | Details |
|---|---|
| Target Company Name | TouchTown Ventures Private Limited |
| Industry | Real Estate |
| Status/Size | New entity; Not Applicable (for Size/Turnover) |
| Date of Incorporation | June 20, 2026 |
Touchwood Entertainment Limited is taking a controlling stake in the new venture. The company holds 70% of the paid-up equity share capital of TouchTown Ventures Private Limited.
Financial and operational details concerning the establishment of the subsidiary include:
| Metric | Details |
|---|---|
| Investment/Cost | Rs. 70,000/- (Rupees Seventy Thousand only) |
| Shareholding Acquired | 70% of the Equity Share Capital of TouchTown Ventures Private Limited |
| Authorized Capital | Rs. 1,000,000/- (Rupees Ten Lakh only) |
| Paid Up Capital | Rs. 100,000/- (Rupees One Lakh only), comprising 10,000 Equity Shares of Rs. 10 each |
The subscription for the shares in TouchTown Ventures Private Limited will be made at face value and on an arm's length basis. The venture has been established to complement Touchwood Entertainment Limited’s business operations by securing expertise in property development and management.
TOUCHWOOD Stock Price Movement
Shares of Touchwood Entertainment Limited gain 1.48% in live trading, currently at ₹74.12 as of 1:41 PM. The stock remains within its daily range, which has stretched between a low of ₹73.12 and a high of ₹76.94.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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