Anant Raj Limited has announced the acquisition of the remaining 25% equity stake in Romano Projects Private Limited for Rs. 3.58 crore. The company, which already held a 75% stake, will now transition Romano Projects into a wholly owned subsidiary. This strategic move is intended to streamline decision-making, enhance managerial control, and integrate the land-owning entity—which holds property in the ‘Anant Raj Estate’ township in Gurugram—fully into the company’s operations.
Strategic Consolidation of Real Estate Assets
In a move to consolidate its real estate holdings, Anant Raj Limited has completed the purchase of the remaining 25% equity share capital of Romano Projects Private Limited. The transaction involves the acquisition of 12,500 fully paid-up equity shares for a total consideration of Rs. 3,58,12,500. This acquisition marks the culmination of the company’s investment strategy, effectively moving the target entity from a majority-owned subsidiary to a wholly owned subsidiary.
Rationale and Impact
Romano Projects Private Limited serves as a key land-owning vehicle for the group, holding significant land parcels in Sector 63 A, Gurugram, which are integral to the ‘Anant Raj Estate’ township project. By acquiring the remaining minority interest, Anant Raj Limited aims to achieve operational synergies and gain complete control over the strategic development of these land assets. The management anticipates that this move will lead to more efficient decision-making processes and a stronger overall business position within the regional real estate market.
Transaction Details
The acquisition was approved by the Finance and Investment Committee on April 27, 2026, and is being executed as an arm’s length transaction based on an independent valuation report. The purchase will be settled entirely in cash and is effective immediately. Romano Projects, which has been operational since July 2007, has reported Nil turnover over the past three financial years (2022-2023, 2023-2024, and 2024-2025) as it primarily functions as a land-holding entity.
Source: BSE
