Signatureglobal (India) has finalised a significant transaction involving the transfer and sale of 35,69,731 equity shares in Gurugram Commercity Limited (GCL) to Millennia Realtors Private Limited (RMZ) for approximately ₹158.84 per share, totalling ₹56.70 crores. This development marks the completion of a Securities Subscription and Purchase Agreement (SSPA) previously announced in February and March 2026.
In addition to the share transfer, GCL has allotted 7,78,60,538 equity shares to RMZ for a total consideration of approximately ₹1,236.77 crores. As a result of these transactions, both Signatureglobal and RMZ now hold equal 50% shareholding in GCL, transitioning the company from a subsidiary to a joint venture between Signatureglobal and RMZ.
This strategic move, completed on 30th March 2026, reflects Signatureglobal’s ongoing efforts to optimise its portfolio and strengthen its market position through strategic partnerships and investments.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).