Anant Raj Limited has announced the acquisition of an additional 25% stake in its subsidiary, Romano Projects Private Limited (RPPL), for a cash consideration of ₹3,58,12,500. This acquisition will make RPPL a wholly owned subsidiary of Anant Raj.
The decision was made during a meeting of the Finance and Investment Committee of Anant Raj’s Board of Directors on April 27, 2026. The acquisition involves purchasing 12,500 fully paid-up equity shares from the existing shareholder of RPPL, which is engaged in the real estate business.
Prior to this transaction, Anant Raj held a 75% equity stake in RPPL. With the acquisition of the remaining 25%, Anant Raj aims to achieve complete ownership and control over RPPL. The transaction is expected to enhance operational synergies, streamline decision-making, and strengthen Anant Raj’s overall business position.
RPPL is a land-owning company with properties in Sector 63 A, Gurugram, as part of the “Anant Raj Estate” township. The acquisition is considered a related party transaction, conducted at arm’s length based on an independent valuer’s report.
The acquisition is set to be completed immediately, with no governmental or regulatory approvals required. RPPL has an authorised and paid-up capital of ₹5,00,000, and its turnover for the past three financial years has been nil.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).