Valor Estate Ltd. to Acquire Radius Estates and Developers Private Limited
Valor Estate Ltd. announced on March 31, 2026, that its wholly owned subsidiary, MIG (Bandra) Realtors Private Limited, entered into transaction documents with Adani Goodhomes Private Limited for the acquisition of the entire equity share capital of Radius Estates and Developers Private Limited.Upon completion of the acquisition, Radius Estates will become a wholly owned subsidiary of MIG and, consequently, an indirect wholly owned subsidiary of Valor Estate Limited. The transaction is subject to conditions, including the release of pledged shares by the existing lender/charge holder and the completion of transfer formalities. The indicative timeline for completion is up to December 2027.
Details of Radius Estates and Developers Private Limited:
| Detail | Information |
|---|---|
| Name of the target entity | Radius Estates and Developers Private Limited |
| Authorised Capital | ₹ 3,500 crore |
| Paid Up Capital | ₹ 22.055 crore |
| Turnover | ₹ 157.55 crore as on March 31, 2025 |
| Related Party Transaction | The acquisition does not constitute a related party transaction, and the promoter/promoter group/group companies of Valor Estate Limited do not have any interest in Radius Estates. |
| Industry | Real estate development |
| Impact of Acquisition | The acquisition consolidates ownership and control over Radius Estates and its underlying project interests, aligning with Valor Estate’s real estate business. |
| Governmental or Regulatory Approvals | No specific governmental or regulatory approval is required for the acquisition, apart from compliance with applicable contractual, corporate and statutory requirements. |
| Consideration | Cash Consideration |
| Cost of Acquisition | ₹ 383 crore |
| Shareholding/Control Acquired | MIG will acquire 100% of the equity share capital of Radius Estates. |
| Turnover History | FY 2024 -25: ₹ 157.55 crore; FY 2023 -24: ₹ 0.31 crore; FY 2022 -23: ₹ Nil |
| Country of Presence | India |
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