Valor Estate Limited has announced the acquisition of Radius Estates and Developers Private Limited for an aggregate consideration of ₹383 crore. The acquisition, executed through its wholly owned subsidiary MIG (Bandra) Realtors Private Limited, was finalised on 30th March 2026, following the signing of transaction documents with Adani Goodhomes Private Limited. This strategic move will see Radius Estates become a wholly owned subsidiary of MIG and an indirect wholly owned subsidiary of Valor Estate.
Radius Estates, incorporated on 19th July 2014, operates in the real estate development sector in India. The company reported a turnover of ₹157.55 crore for the financial year ending 31st March 2025. The acquisition aligns with Valor Estate’s business strategy to consolidate ownership and control over Radius Estates and its underlying project interests.
The transaction does not constitute a related party transaction, and the promoter group of Valor Estate does not hold any interest in Radius Estates. The acquisition is subject to certain conditions, including the release of pledged shares by the existing lender and the completion of transfer formalities as per the definitive transaction documents. The indicative timeline for the completion of the acquisition extends up to December 2027, contingent on the fulfilment of these conditions.
No separate governmental or regulatory approvals are required for the acquisition, apart from compliance with applicable contractual, corporate, and statutory requirements. The acquisition will be executed as a cash consideration.
Disclaimer: This article is based on a regulatory filing submitted to the National Stock Exchange of India (NSE).