DB Realty has announced an internal corporate restructuring involving its subsidiary, Valor Estate Limited. DB Contractors & Builders Private Limited, a wholly-owned subsidiary, will transfer its 45% stake/economic interest in Worli Urban Development Project LLP to MIG (Bandra) Realtors and Builders Private Limited, another wholly-owned subsidiary. This move aims to streamline administrative efficiency within the group.
Stake Transfer Announcement
DB Realty is undertaking an internal restructuring process to optimize its corporate structure. This involves the transfer of a significant stake in a key urban development project.
Details of the Transfer
DB Contractors & Builders Private Limited, a Wholly Owned Subsidiary (WOS) of DB Realty, will transfer its 45% stake/economic interest in Worli Urban Development Project LLP to another WOS, namely MIG (Bandra) Realtors and Builders Private Limited. This transfer is part of an internal corporate restructuring initiative designed to enhance administrative efficiency. The effective date of this transfer is November 14, 2025.
Worli Urban Development Project Overview
Worli Urban Development Project LLP is involved in real estate and construction activities. The total fixed capital contribution to the entity is Rs. 15,00,000. This internal stake transfer is not expected to have any impact on the ongoing operations or the future prospects of the Worli Urban Development Project.
Financial Implications
The cost of acquisition, represented by the fixed capital contribution, is Rs 4.50 Lacs. This restructuring aims to streamline administrative processes and is not anticipated to materially affect the overall financial performance of DB Realty.
Source: BSE
