V R Infraspace Completes Acquisition of 5% Stake in Daxon Realty Limited
V R Infraspace Limited has successfully completed the acquisition of a 5% stake in Daxon Realty Limited, which is identified as the company's subsidiary. The transaction was finalized on August 13, 2026, involving a cash consideration.The completion of this acquisition allows V R Infraspace Limited to achieve enhanced managerial and operational oversight, thereby improving the alignment of business strategies and facilitating better integration of operations, governance, and financial management between the parent company and its subsidiary. The company stated that the acquisition is not expected to have any adverse impact on its financial position or operations.
The acquired entity, Daxon Realty Limited, operates in the construction and development of Residential and Commercial properties.
Key details regarding Daxon Realty Limited include:
- Date of Incorporation: April 26, 2024
- Industry: Construction and/or Development of Residential and Commercial properties
- Authorized Capital: Rs. 7,50,00,000 (representing 7,500,000 Equity Shares of Rs. 10 each)
The transaction involved the purchase of 375,000 equity shares, representing a 5% stake in Daxon Realty Limited. Following this acquisition, V R Infraspace Limited holds an aggregate 56% stake in the entity. The cost of the acquisition was recorded at Rs. 17.88 per share.
The financial performance and operational details for Daxon Realty Limited are summarized below:
| Financial Year | Turnover (Rs. in lakhs) |
|---|---|
| FY 2023-24 | - |
| FY 2024-25 | 2,213.46 |
| FY 2025-26 | 4,109.36 |
In terms of related party status, V R Infraspace Limited is the parent company of Daxon Realty Limited. The transaction was confirmed to be at 'arm's length,' and Mr. Bhavesh Sojitra, a Member of the Promoter Group, holds a position as a Director and Member of Daxon Realty Limited.
VR Stock Price Movement
Today, V R Infraspace Limited stock settled at ₹144.3, showing no change after closing in the market. The equity maintained stability for the session, remaining consistent with its previous trading price.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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